American Bitcoin and Gryphon Digital Mining Announce Merger Plans

According to BlockBeats, American Bitcoin Corp. and Gryphon Digital Mining jointly announced on July 1, 2025, that they have submitted a revised S-4 registration statement to the U.S. Securities and Exchange Commission (SEC) to advance their previously announced stock-for-stock merger transaction. Under the agreement, Gryphon will acquire American Bitcoin through a stock exchange, and the merged entity will operate under the "American Bitcoin" brand, led by American Bitcoin's management and board of directors. The combined company is expected to be listed on Nasdaq with the ticker symbol "ABTC," aiming to complete the transaction by the third quarter of 2025. American Bitcoin is a subsidiary of Hut 8, supported by Eric Trump, son of U.S. President Donald Trump. The company focuses on industrial-scale Bitcoin mining and strategic Bitcoin reserve development.