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Gryphon Merges with American Bitcoin to Expand Global Crypto Mining

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BusinessHonor - Gryphon Merges with American Bitcoin for Growth

Business Honor
29 August, 2025

Gryphon’s stock soars ahead of merger forming American Bitcoin, backed by major crypto figures.

Gryphon Digital Mining's stock jumped over 42% to $1.75, up from $1.35, after news gained traction about its upcoming merger with American Bitcoin, a company making waves in the crypto mining space. Since the merger was first announced in May, Gryphon’s share price has surged more than 230%, reflecting growing excitement in the crypto investment world. The merger, set to wrap up in early September, will form a new entity called American Bitcoin, trading under the ticker "ABTC."

The new company will be primarily owned by American Bitcoin’s founders, Eric Trump and Donald Trump Jr., along with crypto mining firm Hut 8, which together will control 98% of the merged company. High-profile crypto figures, including the Winklevoss twins who were founders of the Gemini exchange have also backed the deal as anchor investors, showing strong industry support. American Bitcoin has quietly been stacking Bitcoin and buying mining gear, and it’s also looking to expand its crypto mining presence in Asia, especially in places like Hong Kong, China, and Japan.

This move comes amid a wider trend in 2025 of crypto companies going public, such as Circle and Bullish, while others like Gemini and Kraken are reportedly preparing for IPOs too. This push for public listings is happening alongside new U.S. crypto laws like the GENIUS Act, which regulates stablecoins, and a national Bitcoin reserve strategy. Gryphon’s stock volatility has settled as the deal nears completion, showing investor optimism despite the company’s shaky financials, which include high debt and low profit margins. Still, its market value is climbing, pointing to strong belief in future growth. A $5 billion securities filing suggests Gryphon is serious about raising capital for expansion. Once the merger is final, American Bitcoin plans to become a major force in global Bitcoin mining.