American Bitcoin, the cryptocurrency mining company founded by Eric Trump, will go public on the stock market

The cryptocurrency mining company backed by Eric Trump will go public. This was announced by the same company, American Bitcoin, through a statement in which they specified that they will appear on the Nasdaq as part of a merger with Gryphon Digital Mining, whose shares soared 285% after the news broke.

The deal would see Gryphon acquire American Bitcoin in a stock-for-stock transaction culminating in a new company that will retain its current board of directors. Trump will continue as chief strategy officer of the new company, which will trade on Nasdaq under the name "ABTC."

"The combined company expected to be led by the American Bitcoin board of directors, including Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim, and the management team, including Mike Ho, Matt Prusak, and Eric Trump," they reported.

Trump, who confused the company along with HUT 8 in early 2025, celebrated the news: "Our vision for American Bitcoin is to create the most investable Bitcoin accumulation platform in the market."

"Today’s announcement marks an important milestone in that journey, bringing us closer to offering every investor access to a purpose-built platform engineered for scale and long-term value creation in what we believe is one of the most important asset classes of our time," he added.

In turn, Asher Genoot, CEO of Hut 8 and a member of American Bitcoin's board of directors, assured that "American Bitcoin's IPO is a crucial step in scaling the business at the pace and magnitude we anticipate."

"Time-to-market was a critical factor, and this transaction enables an efficient path to public markets by combining with an entity that is structurally aligned with American Bitcoin’s mining-focused launch strategy," he added.

According to its website, American Bitcoin defines itself as "a Bitcoin accumulation platform focused on building the Bitcoin infrastructure in the United States."