Trump Family's Bitcoin Mining Empire Strikes Again: Mega-Merger with Gryphon!

Hold onto your hats, folks! American Bitcoin, the company with deep roots in the Trump family tree, is about to shake up the crypto world by merging with Gryphon to create a colossal Bitcoin mining powerhouse!

Get this: Trump-connected American Bitcoin is not messing around. They just dropped the bombshell on Monday, May 12, announcing a jaw-dropping stock-for-stock merger with Gryphon Digital Mining. And guess what? American Bitcoin is actually a sneaky subsidiary of Hut 8, adding another layer of intrigue to this wild ride.

Now, here's the kicker: even though Gryphon is technically the one doing the acquiring, American Bitcoin shareholders are about to score big time. They'll own a whopping 98% of the new company's shares, leaving Gryphon shareholders with a measly 2%. And to top it all off, the whole shebang will be operating under the American Bitcoin brand. Talk about a power move!

The brains behind this operation? None other than the leadership team from American Bitcoin, led by the dynamic duo of CEO Mike Ho and the unstoppable Matt Prusak, with Eric Trump himself joining the party. And don't even think about messing with the board of directors - they're all coming over from American Bitcoin too, featuring the likes of Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim. This is a takeover, baby!

But wait, there's more! After this merger closes in the third quarter of 2025, American Bitcoin is gunning to be the biggest pure-play Bitcoin (BTC) mining firm out there. And they're not stopping there - they've got their sights set on a Nasdaq listing under the ticker symbol ABTC. Watch out, world!

American Bitcoin launches as Trump mining venture

Rewind to March 31, and you've got the birth of American Bitcoin, a wild partnership between Eric Trump and Donald Trump Jr. with the Hut 8 mining firm. Hut 8 didn't come to play - they brought 61,000 mining rigs and 11 U.S. data centers to the table, securing a massive 80% ownership of the firm. And what did Eric and Don Jr. get? A sweet 20% slice of the pie, adding to their already impressive crypto empire.

The Trump family? They're no strangers to the crypto game, especially through their connection to World Liberty Financial. Eric and Don Jr. are deep in the trenches, managing the company that's also tied to none other than President Donald Trump himself. These guys mean business!

But you know what comes with being a big player in the crypto world? Intense heat from the opposition. Lawmakers are up in arms, raising red flags about potential conflicts of interest. And it's no wonder - with Trump leading the charge on recent changes to crypto regulations, the stakes have never been higher. Buckle up, because this ride is just getting started!