Trump-Linked Bitcoin Miner American Bitcoin Nears Nasdaq Listing as Merger Vote Begins

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Shareholders of Gryphon Digital Mining have started voting on a proposed merger with American Bitcoin Corp., a subsidiary of Hut 8, to create a new cryptocurrency mining venture with ties to former President Donald Trump. If approved, the deal is expected to close in early September 2025.

Upon completion, American Bitcoin is anticipated to list on the Nasdaq under the ticker ABTC.

Formed in March through a partnership with Hut 8, American Bitcoin is a mining and holding company co-founded by Eric Trump and supported by Donald Trump Jr. Hut 8 owns an 80% stake in the venture, while the remaining 20% is held by American Data Centers, an entity backed by the Trump family.