About American Bitcoin

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American Bitcoin will merge with publicly traded company Gryphon Digital Mining in a stock swap transaction, with the combined company continuing under the American Bitcoin name.
Hut 8 announced in May, 2025, to take American Bitcoin public by merging it with NASDAQ-listed Gryphon Digital Mining.
American Bitcoin was co-founded by U.S. President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, who together hold a 20% ownership stake in the company.
Hut 8 contributed its mining infrastructure to American Bitcoin in exchange for an 80% ownership.
Eric Trump, co-founder of American Bitcoin, will join the board of directors of the new publicly traded American Bitcoin entity following its merger with Gryphon Digital Mining.

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Hut 8 raises $220M for mining and BTC holdings

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