Gryphon Votes on Merger with Hut 8’s American Bitcoin

Gryphon Digital Mining shareholders are voting on a merger with American Bitcoin Corp., a Hut 8 subsidiary, aiming for a Nasdaq listing under ‘ABTC’ by September 2025.

This merger signifies a potential shift in the Bitcoin mining landscape, enhancing capital efficiency and leveraging Hut 8’s infrastructure, though lacking confirmed Trump family involvement.

Bitcoin Market Dynamics Amid Potential Merger

No official recognition from primary sources confirms alleged involvement of Eric Trump or Donald Trump Jr. as co-founders of American Bitcoin. Existing leadership and company disclosures support the continued functioning under the American Bitcoin brand with no substantive changes in executive roles derived from the claims of a Trump family association.

The merger represents a stock-for-stock transaction designed to enhance capital efficiency and expand mining scale, leveraging Hut 8’s infrastructure and public markets access.” — AInvest Analyst, Financial Analyst, AInvest, AInvest, 6 Aug 2025

The merger represents a stock-for-stock transaction designed to enhance capital efficiency and expand mining scale, leveraging Hut 8’s infrastructure and public markets access.” — AInvest Analyst, Financial Analyst, AInvest, AInvest, 6 Aug 2025

Market Data and Analyst Insights

Did you know? Reverse mergers and direct listings are frequent in the mining industry, offering avenues to bypass traditional IPO processes while accelerating public market access.

According to CoinMarketCap, Bitcoin (BTC) trades at $115,186.21 with a market cap of $2,292,530,881,429. It holds a 60.99% market dominance with a 24-hour volume of $55,779,279,388, marking a daily price increase of 1.59% as of August 6, 2025.

Coincu analysts highlight that the merger’s completion could set a precedent for enhanced capital access, although market volatility might impact long-term BTC price stability. The strategic move to reinforce infrastructure mirrors previous industry trends in post-halving consolidation efforts to maximize mining efficiency and capitalize on economies of scale.