The post Trump Family’s Bitcoin Venture Targets Q3 Nasdaq Debut appeared on BitcoinEthereumNews.com.

Bitcoin A new player is emerging in the competitive world of public crypto mining, and it carries one of the most recognizable names in American politics. The Trump-affiliated American Bitcoin Corp. is taking a major step toward its Nasdaq debut by pushing forward with a merger involving Gryphon Digital Mining. A recent SEC filing confirms that the two entities have amended their registration statement, positioning themselves for a public listing under the ticker symbol “ABTC.” The merger, structured as a stock-for-stock transaction, would result in Gryphon becoming a subsidiary of the newly combined entity. If finalized in Q3 2025 as planned, American Bitcoin Corp. will serve as the parent company, with current shareholders of American Bitcoin retaining 98% ownership and Gryphon shareholders taking the remaining 2%. Backed in part by Eric Trump and Donald Trump Jr., American Bitcoin was launched earlier this year as a subsidiary of infrastructure and energy firm Hut 8. The company aims to consolidate and scale Bitcoin mining operations by leveraging an asset-light model and strategic infrastructure partnerships. CEO Matt Prusak, who previously worked in health tech, is leading the effort, with Eric Trump taking on the role of Chief Strategy Officer. Prusak has described the merger as a strategic play to dominate the fragmented landscape of public Bitcoin miners. Rather than build out costly infrastructure, American Bitcoin is focusing on accumulating BTC while outsourcing operations to Hut 8, allowing it to remain agile and capital-efficient. For Gryphon Digital Mining, the merger provides an opportunity to boost its scale and access public markets. The firm brings nearly 900 petahash per second in self-mining power and a commitment to green energy, including a recently acquired natural gas site in Canada. With this merger, Gryphon aims to deepen its presence in the Bitcoin ecosystem, even as post-halving economics…

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Filed under: News - @ July 2, 2025 8:26 pm