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Hut 8’s subsidiary American Bitcoin is set to go public through a merger with Gryphon Digital Mining, with Eric Trump joining as chief strategy officer. The deal, expected to close by Q3, aims to scale Bitcoin accumulation and infrastructure in the U.S.
- Eric Trump appointed as chief strategy officer in the merged entity.
- Gryphon Digital Mining shares soared 173% post-announcement.
- Merger aims to create a U.S.-focused Bitcoin infrastructure backbone.
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