Gryphon Digital and Hut 8 Announce Merger with Trump Link

Gryphon Digital Mining, merging with a subsidiary of Hut 8, will rebrand as American Bitcoin with a 5-for-1 reverse stock split, effective September 2, 2025, trading on Nasdaq.

This merger positions American Bitcoin for Nasdaq listing, significantly involving the Trump family, driving attention to strategic partnerships within the Bitcoin mining sector.

Trump Family Secures 20% Stake in American Bitcoin Merger

Gryphon Digital Mining has received shareholder approval to merge with Hut 8’s subsidiary, American Bitcoin. The merger, involving a 5-for-1 reverse stock split, aligns with Nasdaq listing criteria and positions the new entity under the brand ‘American Bitcoin.’

Market capitalization and shareholder value remain unaffected by this merger. Secondary market dynamics are expected to shift as Hut 8, a significant force, consolidates with Gryphon’s assets, thereby expanding its influence.

“The Reverse Stock Split will not impact the company’s market capitalization or the proportionate ownership interests of its stockholders, other than adjustments resulting from the treatment of fractional shares.” – American Bitcoin Executive (CEO Asher Genoot)

The Trump family’s involvement through their stake has attracted notable market attention. Industry observers maintain a watchful stance as this development unfolds, potentially influencing investor sentiment towards the Bitcoin market.

Bitcoin Price Volatility Amid Massive Mining Merger

Did you know? Historically, major mergers in the North American Bitcoin mining sector often lead to temporary increases in mining hash rate concentration.

Bitcoin (BTC) currently values at $108,230.29 with a market cap of “2.16 trillion” USD. Recent 24-hour data from CoinMarketCap indicates a trading volume of $76.60 billion, reflecting a 3.68% price decrease, highlighting market volatility surrounding such events.

Experts at Coincu suggest potential regulatory scrutiny may arise due to the high-profile nature of stakeholders involved. Technological advancements in mining operations could streamline processes, but regulatory perspectives need to be monitored closely as the merger progresses.