Gryphon Digital To Take Trump-Affiliated American Bitcoin Public In Merger Deal, Stock Soars

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) shares are trading higher premarket at the last check on Monday after it disclosed a definitive stock-for-stock merger deal with American Bitcoin, a majority-owned subsidiary of Hut 8 Corp. (NASDAQ:HUT) for an undisclosed amount.

Upon closing, the combined entity will operate under the American Bitcoin brand and is expected to trade on Nasdaq under the ticker “ABTC.”

Notably, in collaboration with Eric Trump, Hut 8 launched American Bitcoin earlier this year.

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Full story available on Benzinga.com