Asher Genoot, CEO of Hut 8 Corp., stated that taking American Bitcoin Corp. public through the merger with Gryphon Digital Mining will enable the company to access dedicated growth capital while preserving long-term Bitcoin exposure for shareholders.

Quotes that support claims

By taking American Bitcoin public, we expect to unlock direct access to dedicated growth capital independent of Hut 8’s balance sheet, while preserving long-term exposure to Bitcoin upside for our shareholders.

“This transaction marks the next step in scaling American Bitcoin as a purpose-built vehicle for low-cost Bitcoin accumulation at scale,” said Asher Genoot, chief executive officer of Hut 8.