Gryphon Digital Mining announced it will acquire American Bitcoin Corp. in a stock-for-stock merger that will take American Bitcoin public.

Event date

May 12, 2025

Quotes that support claims

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.

Trump Family-Backed American Bitcoin to Go Public via Merger With Gryphon Digital. Pre-market spikes follow news of strategic stock-for-stock transaction.

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Week 20 of 2025