{"id":869146,"date":"2025-08-30T21:12:33","date_gmt":"2025-08-31T02:12:33","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/30\/gryphon-digital-mining-to-merge-with-trump-linked-american-bitcoin\/"},"modified":"2025-08-30T21:12:33","modified_gmt":"2025-08-31T02:12:33","slug":"gryphon-digital-mining-to-merge-with-trump-linked-american-bitcoin","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/30\/gryphon-digital-mining-to-merge-with-trump-linked-american-bitcoin\/","title":{"rendered":"Gryphon Digital Mining to Merge with Trump-Linked American Bitcoin"},"content":{"rendered":"<div>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/04\/23090551\/ayan-150x150.jpg\" alt>\n                <\/p>\n<p>Crypto Journalist<\/p>\n<div>\n<p>Amin Ayan<\/p>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/04\/23090551\/ayan-150x150.jpg\" alt>\n            <\/p>\n<p>Crypto Journalist<\/p>\n<p>\n                Amin Ayan                <span><\/span>\n            <\/p>\n<\/p><\/div>\n<div>\n<p>About Author<\/p>\n<p>Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24\/7 Wall St. He has&#8230;<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<div>\n<p>Last updated:\u00a0<\/p>\n<p><time datetime=\"2025-08-30T13:09:00+00:00\">August 30, 2025<\/time>\n        <\/p>\n<\/p><\/div>\n<\/div>\n<p><img fetchpriority=\"high\" width=\"1200\" height=\"673\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/08\/30080717\/1756541237-image-1756540994724_optimized.jpg\" alt=\"Gryphon Digital Mining to Merge with Trump-Linked American Bitcoin\" decoding=\"async\"  ><\/p>\n<p>Gryphon Digital Mining has secured shareholder approval to merge with American Bitcoin, a mining firm connected to the Trump family, in a stock-for-stock deal that sets the stage for a rebrand and new Nasdaq listing.<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li><span>Gryphon shareholders approved a merger with Trump-linked American Bitcoin, including a 5-to-1 reverse stock split.<\/span><\/li>\n<li><span>The combined company will rebrand as American Bitcoin and begin trading under the ticker \u201cABTC\u201d on Sept. 2.<\/span><\/li>\n<li><span>The move gives American Bitcoin fast-track public market access.<\/span><\/li>\n<\/ul>\n<\/div>\n<p>The Las Vegas-based <a href=\"https:\/\/ir.gryphondigitalmining.com\/news-events\/press-releases\/detail\/51\/gryphon-digital-mining-announces-stockholder-approval-of-merger-transaction-with-american-bitcoin\" target=\"_blank\">Bitcoin miner announced Friday<\/a> that its shareholders voted in favor of the merger earlier in the week.<\/p>\n<p>A reverse five-to-one stock split will be completed by 5:00 pm ET on Sept. 2, after which the combined company will trade under the name <em>American Bitcoin<\/em> with the ticker symbol \u201cABTC.\u201d<\/p>\n<h2><span id=\"h-gryphon-shareholders-approve-5-to-1-reverse-split-ahead-of-merger\">Gryphon Shareholders Approve 5-to-1 Reverse Split Ahead of Merger<\/span><\/h2>\n<p>The split will reduce Gryphon\u2019s outstanding shares from 82.8 million to approximately 16.6 million.<\/p>\n<p>Originally revealed in May, the deal allows American Bitcoin, <a href=\"https:\/\/cryptonews.com\/news\/trump-family-launches-american-bitcoin-mining-firm\/\">launched by Donald Trump Jr. and Eric Trump earlier this year<\/a>, to enter public markets without a separate IPO, using Gryphon\u2019s Nasdaq listing as a vehicle.<\/p>\n<p>The Trump-backed company emerged from a rebrand of American Data Center and is affiliated with mining infrastructure provider Hut 8.<\/p>\n<p>American Bitcoin has positioned itself as a pure-play mining venture focused on Bitcoin accumulation.<\/p>\n<p>It has disclosed 215 BTC in holdings, though third-party data from BitcoinTreasuries.NET suggests its reserves could approach 1,941 BTC.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>Gryphon Digital Mining <a href=\"https:\/\/twitter.com\/search?q=%24GRYP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" target=\"_blank\">$GRYP<\/a> will merge with American Bitcoin <a href=\"https:\/\/twitter.com\/search?q=%24ABTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" target=\"_blank\">$ABTC<\/a>, co-founded by Eric Trump, Donald Trump Jr., and <a href=\"https:\/\/twitter.com\/Hut8Corp?ref_src=twsrc%5Etfw\" target=\"_blank\">@Hut8Corp<\/a>. With Gryphon\u2019s stock up over 200% since the merger announcement, investors are asking: is this a golden opportunity?<\/p>\n<p>00:00 Intro to Gryphon-American\u2026 <a href=\"https:\/\/t.co\/Y8M1ryvGMe\" target=\"_blank\">pic.twitter.com\/Y8M1ryvGMe<\/a><\/p>\n<\/div>\n<p>\u2014 Hayden Otto (@Hayden_Otto) <a href=\"https:\/\/twitter.com\/Hayden_Otto\/status\/1961559610059624861?ref_src=twsrc%5Etfw\" target=\"_blank\">August 29, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Shares of Gryphon fell more than 10% on Friday, giving back part of Thursday\u2019s 41% rally that followed initial reports of the merger.<\/p>\n<p>The deal is seen as combining Gryphon\u2019s low-cost mining operations with American Bitcoin\u2019s aggressive treasury strategy to <a href=\"https:\/\/cryptonews.com\/news\/american-bitcoin-trump-sons-linked-mining-firm-september-trading-debut\/\">create a more competitive presence<\/a> in the public mining space.<\/p>\n<p>The merger reflects a broader trend of public firms ramping up their Bitcoin exposure.<\/p>\n<p>Collectively, listed companies now hold nearly 990,000 BTC, led by Strategy\u2019s dominant 631,000 BTC position.<\/p>\n<p><a href=\"https:\/\/cryptonews.com\/news\/trump-backed-american-targets-japan-hong-kong-acquisitions-to-boost-bitcoin-reserves\/\">American Bitcoin has been exploring acquisitions<\/a> in Hong Kong and Japan to expand its footprint, the Financial Times reported earlier this month.<\/p>\n<p>American Bitcoin\u2019s interest in Asia taps into markets with deep retail trading culture and growing regulatory openness toward crypto.<\/p>\n<p>Hong Kong has positioned itself as a digital asset hub, and Japanese-listed vehicles could provide a regulated path for institutional and retail investors to participate.<\/p>\n<h2><span id=\"h-trump-family-expands-crypto-ties\">Trump Family Expands Crypto Ties<\/span><\/h2>\n<p>The venture is one of several crypto-linked businesses tied to the Trump family.<\/p>\n<p>In June, Donald Trump <a href=\"https:\/\/cryptonews.com\/news\/trumps-crypto-bet-pays-off-over-600m-reported-in-2024-earnings\/\">disclosed $57 million in income<\/a> from World Liberty Financial, a crypto platform that recently <a href=\"https:\/\/cryptonews.com\/news\/alt5-sigma-stock-surges-1-5b-wlfi-treasury\/\">announced a $1.5 billion token buyback<\/a> in partnership with Las Vegas-based blockchain firm ALT5 Sigma.<\/p>\n<p>Separately, Trump Media &#038; Technology Group, which operates Truth Social, <a href=\"https:\/\/cryptonews.com\/news\/trump-media-reveals-bitcoin-treasury-holdings-have-reached-2b\/\">plans to raise $2.5 billion<\/a> to establish its own Bitcoin treasury.<\/p>\n<p>Meanwhile, the Trump administration advanced its pro-crypto agenda with a series of policy and regulatory moves.<\/p>\n<p>President Trump signed an executive order urging regulators to <a href=\"https:\/\/cryptonews.com\/news\/trump-to-sign-order-opening-401ks-to-crypto-real-estate-and-private-equity-what-it-means-for-you\/\">remove barriers that prevent 401(k) plans<\/a> from including alternative assets such as cryptocurrencies.<\/p>\n<p>If implemented, the reforms could allow millions of Americans to allocate retirement funds to Bitcoin and other digital assets through regulated channels.<\/p>\n<p>Trump also <a href=\"https:\/\/cryptonews.com\/news\/trump-taps-pro-crypto-miran-for-fed-board-through-2026-as-bitcoin-reclaims-117k\/\">nominated economist Stephen Miran<\/a>, a digital asset advocate, to the Federal Reserve Board of Governors, signaling continuity in his administration\u2019s pro-crypto stance.<\/p>\n<p>\n                                    <a href=\"https:\/\/news.google.com\/publications\/CAAqKQgKIiNDQklTRkFnTWFoQUtEbU55ZVhCMGIyNWxkM011WTI5dEtBQVAB?ceid=US:en&#038;oc=3\" target=\"_blank\"><\/p>\n<p>                            <svg width=\"20\" height=\"16\" viewBox=\"0 0 20 16\" fill=\"none\">\n                            <path d=\"M19.6 5.36C19.6 5.48 19.6 5.66 19.54 5.78L17.2 12.8V5.6C17.2 4.94 16.66 4.4 16 4.4H12.82L12.52 3.8L11.86 2.36L15.34 3.32L18.58 4.16C19.18 4.28 19.6 4.82 19.6 5.36Z\" fill=\"#FF4131\" \/>\n                            <path d=\"M15.4 0.799997V3.26L11.92 2.3L11.74 1.88C11.44 1.28 10.72 0.979997 10.12 1.22L4.59998 3.38V0.799997C4.59998 0.499997 4.89998 0.199997 5.19998 0.199997H14.8C15.1 0.199997 15.4 0.499997 15.4 0.799997Z\" fill=\"#03A846\" \/>\n                            <path d=\"M12.82 4.4H4.00002C3.34002 4.4 2.80002 4.94 2.80002 5.6V11.42L0.520024 6.5C0.460024 6.26 0.400024 6.08 0.400024 5.9V5.84C0.400024 5.3 0.700024 4.82 1.24002 4.64L4.60002 3.32L10.06 1.22C10.72 0.979997 11.44 1.28 11.68 1.88L11.86 2.3L12.52 3.74L12.82 4.4Z\" fill=\"#FDBD04\" \/>\n                            <path d=\"M17.2 5.59999V14.6C17.2 15.26 16.66 15.8 16 15.8H4.00005C3.34005 15.8 2.80005 15.26 2.80005 14.6V5.59999C2.80005 4.93999 3.34005 4.39999 4.00005 4.39999H16C16.66 4.39999 17.2 4.93999 17.2 5.59999ZM9.40005 9.79999H7.00005V11H7.90005C7.60005 11.36 7.18005 11.6 6.70005 11.6C5.86005 11.6 5.20005 10.94 5.20005 10.1C5.20005 9.25999 5.86005 8.59999 6.70005 8.59999C7.12005 8.59999 7.48005 8.77999 7.78005 9.01999L8.62005 8.17999C8.14005 7.69999 7.48005 7.39999 6.70005 7.39999C5.20005 7.39999 4.00005 8.59999 4.00005 10.1C4.00005 11.6 5.20005 12.8 6.70005 12.8C7.90005 12.8 8.86005 12.08 9.22005 11C9.34005 10.7 9.40005 10.4 9.40005 10.1C9.40005 9.97999 9.40005 9.91999 9.40005 9.79999ZM14.8 7.39999H10.6V8.59999H14.8V7.39999ZM16 9.79999H10.6V11H16V9.79999ZM14.8 12.2H10.6V13.4H14.8V12.2Z\" fill=\"#0284FE\" \/>\n                            <\/svg><br \/>\n                                                                    Follow us on Google News                                    <\/a>\n                                <\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/cryptonews.com\/news\/gryphon-digital-mining-to-merge-with-trump-linked-american-bitcoin\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Rebecka Center<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24\/7 Wall St. He has&#8230; Last updated:\u00a0 August 30, 2025 Gryphon Digital Mining has secured shareholder approval to<\/p>\n","protected":false},"author":1,"featured_media":869147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22067,145969],"tags":[],"class_list":{"0":"post-869146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-digital","8":"category-gryphon"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/869146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=869146"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/869146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/869147"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=869146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=869146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=869146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}