NaijNaira
American Bitcoin, a mining firm tied to Eric Trump and Donald Trump Jr., is preparing to begin trading on the Nasdaq following a merger with Gryphon Digital Mining — www.naijnaira.com reports.
The company’s largest investor, Hut 8 CEO Asher Genoot, confirmed the deal is close to completion and said the launch is targeted for early September.
Once listed, American Bitcoin will trade under the ticker ABTC, with Eric Trump, Donald Trump Jr., and Hut 8 collectively holding 98% ownership.
“Instead of going public directly via IPO, we thought there was more advantage in merging with a company that already had financing access,” Genoot explained.
Eric Trump is currently in Hong Kong and will head to Tokyo for an event with Metaplanet, a Japanese bitcoin treasury group.
The firm has also been eyeing acquisitions in Asia, particularly Hong Kong and Japan, to expand its global reach, according to reports.
Genoot added that American Bitcoin could explore stakes in international businesses to provide broader investor access to listed bitcoin assets.
Hut 8, once focused solely on mining, now leans on data centers and energy infrastructure while supporting American Bitcoin’s launch.
