Gryphon Digital Mining (NASDAQ: GRYP) shares rose 11 percent in premarket trading on Thursday after Reuters reported that the company's all-stock merger with American Bitcoin is expected to close in the coming weeks.
According to Reuters, shareholders have approved the deal, and the merger will combine Gryphon with American Bitcoin, the mining venture founded by Hut8 along with Donald Trump Jr. and Eric Trump earlier this year. The new company will retain the American Bitcoin name and be dominated by Hut8 and the Trump brothers, who together will hold about 98 percent of the shares. Trading under the new ticker "ABTC" is expected to begin in early September.
Gryphon shares rise 11% on news of "American Bitcoin" merger approval
2025-08-29 00:59:59
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Gryphon股价因“American Bitcoin”合并获批消息上涨11%Next article：
某鲸鱼创建 4 个钱包并将 1000 万枚USDC存入Hyperliquid以做多XPL
