The merger between Gryphon Digital Mining and American Bitcoin Corp. is structured so that American Bitcoin's existing shareholders will own approximately 98% of the newly public company, with Gryphon shareholders retaining about 2%.

Quotes that support claims

After the merger, existing shareholders of American Bitcoin are expected to own roughly 98% of the new company. Hut 8 will maintain majority ownership and serve as the exclusive infrastructure and operations partner.

The merger structure will see American Bitcoin shareholders owning approximately 98% of the combined company, with Gryphon shareholders holding the remaining 2%.