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The Trump family’s American Bitcoin Corp. and Gryphon Digital Mining have filed an amended S-4 registration statement with the SEC, advancing their merger into a Nasdaq-listed entity. The new company, American Bitcoin (ABTC), aims to become a leading pure-play Bitcoin accumulation platform. The deal is expected to close by Q3 2025.
- The merger will create a Nasdaq-listed Bitcoin mining firm (ABTC), with American Bitcoin shareholders owning 98% and Gryphon shareholders 2%.
- Gryphon brings 899 PH/s mining capacity and renewable energy assets, while American Bitcoin provides capital market access.
- The deal aligns with post-halving industry consolidation, targeting closure by Q3 2025 pending SEC and shareholder approvals.
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