American Bitcoin Corp., which is majority owned by Hut 8 Corp. and partly backed by Eric Trump and Donald Trump Jr., will be acquired by Gryphon in an all stock merger transaction, Hut 8 said in a statement.
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Trump Family’s Bitcoin Mining Unit to Go Public in Gryphon Deal
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Gryphon Digital Mining announced it will acquire American Bitcoin Corp. in a stock-for-stock merger that will take American Bitcoin public.
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American Bitcoin Corp. is a Bitcoin-focused mining venture formed in March 2025 through a merger involving American Data Centers, which is partly owned by Eric Trump and Donald Trump Jr., and is majority-owned by Hut 8 Corp.
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