When the Trumps BTC. On March 31, 2025, the large crypto-mining company Hut 8 announced the launch of its subsidiary « American Bitcoin »: a bitcoin mining company supported by the Trump family. More specifically, these are the sons of the President of the United States Donald Trump (Eric and Donald Jr.) who participate in this crypto-mining adventure. And despite her barely 1 and a half months of existence, the young BTC mining company will already go to the stock marketvia its merger with a listed company.
- The BTC mining company « American Bitcoin », supported by Trump sons, has already planned its IPO after only a month and a half of existence.
- American Bitcoin, a subsidiary of Hut 8, will merge with Gryphon Digital Mining to be listed at Nasdaq from the third quarter of 2025.
The mining company supported by Trump sons is on the stock market via Gryphon Digital Mining
The sector of mining of Bitcoin (BTC) is still changing. If the mining A lot professionalized In recent years, crypto-mining companies have started to take such important proportions that they are even Stock market side.
In a press release Press published this Monday, May 12, 2025, the large Bitcoin mining company Hut 8 Corp. (Hut action, listed at Nasdaq) announces that its subsidiary American Bitcoin will also be stock market.
The Crypto-Minière company, which is therefore supported in particular by Eric and Donald Jr. Trumpthe two sons of the President of the USA, indeed concluded a merger agreement (Merger Agreement) with the company Gryphon Digital Miningspecialized in data centers for theIA (artificial intelligence) and crypto-mining.
American Bitcoin’s “ABTC” actions will be listed in Nasdaq from the 3rde quarter 2025
American Bitcoin – mainly detainees by Hut 8 – should see its shares negotiated on the famous scholarship of Nasdaq under the symbol » ABTC ». Normally, from the Third quarter 2025if the merger transaction is well finalized by then.
The current shareholders of American Bitcoin should have approximately 98% of the new entity. And Hut 8 will remain « the exclusive partner of American Bitcoin in terms of infrastructure and exploitation thanks to a series oflong -term trade agreements (…) ”.
“This transaction marks the next step in the evolution of American Bitcoin as a vehicle specially designed for the accumulation of bitcoins with low cost and large -scale. (…) By introducing American Bitcoin on the stock market, we hope to unlock direct access to dedicated growth capital, independent of the Hut 8 assessment, while preserving long -term exposure to the increase [de valeur] Bitcoin for our shareholders. »»
Asher Genoot, CEO of Hut 8
The American Bitcoin company continues its development at full speed Despite her young age. And his future IPO should support his desire to carry out his operations low -cost bitcoin mining. Especially that The pro-cockin policy of the new Trump administration In particular concerns the crypto-mining sector on American soil and/or by American companies.