In what is a major development for the industry and the company itself, the Trump family comes Bitcoin Mining Company, named American Bitcoin, officially publishing. In fact, the subsidiary of Hut 8 Corp. and the Trump-led American data centers have signed a merger agreement with Gryphon Digital Mining Inc. that will see it become public, according to one press release.
The transaction is a warehouse-by-layer feature that is predicted to close during the third quarter of 2025. Although it is still on the basis of the approval of the legislation and the shareholders’ approval is expected to pass the move. After the merger, American Bitcoin shareholders will hold 98% of the merged company, where the other 3% go to the Gryphon shareholders under the American Bitcoin brand.
The Trump-led US Bitcoin signs new fusion as it becomes public
Since returning to the White House, US President Donald Trump has embraced crypto courses as never before. He has actually facilitated the arrival of the first pro-crypto administration in the history of the nation. In addition, this has enabled the industry to thrive, with one abundance of companies that look to get before growth.
That cryptofocus does not end with Donald Trump alone. This accusation extends to the Trump empire and is maintained by their children outside the limits of Oval Office. Then it continued today, when the Trump-American Bitcoin Mining Company would officially become public.
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“This transaction marks the next step in scaling American Bitcoin as a custom-built vehicle for cheap Bitcoin accumulation in scale,” said HUT 8 CEO Asher Genoot. “By taking American Bitcoin Public, we expect to unlock direct access to dedicated growth capital,” Genoot added. With the Trump name connected to it, it should continue to grow in value. In addition, Bitcoin’s latest over voltage proves that there can be no better time to publish than now.