Gryphon Digital Mining merges with Trump-linked American Bitcoin, rebranding to ABTC, drawing mixed reactions within the crypto community.
Gryphon Digital Mining, a publicly traded Bitcoin mining company based in Las Vegas, Nevada, announced that its shareholders had officially approved a merger with American Bitcoin, a cryptocurrency venture connected to the family of U.S. President Donald Trump. This merger is a major development in the cryptocurrency sector, especially given the political ties of the American Bitcoin venture. Eric and Donald Trump Jr. will head the new entity that will come as a result of the merger, and will hold significant stakes in the company.
Gryphon Digital Mining Merges with American Bitcoin, to Rebrand as ABTC
The merger will occur through a stock-to-stock transaction, followed by a five-to-one reverse stock split. This division will happen at 5:00 pm ET on September 2, 2025, immediately after the Labor Day weekend in the United States. After the stock split, the new company will be re-traded on the Nasdaq with a new ticker and stock symbol, ABTC.
This rebranding as American Bitcoin is a strategic step as it seeks to capitalize on the political power of the Trump family to enhance the publicity of the company within the cryptocurrency market. The relocation should help draw in more investors, in particular, those that might be interested in high-profile associations of the Trump family.
Related Reading: American Bitcoin, Backed by Trump Sons, Prepares for Nasdaq Debut | Live Bitcoin News
In 2025, American Bitcoin was released earlier in collaboration with the established Bitcoin mining company, Hut 8 Corp. American Bitcoin has the goal of becoming an important part of the construction and development of the Bitcoin infrastructure in the U.S. The company would also like to consolidate its presence in the market by combining with Gryphon Digital Mining.
Eric and Donald Trump Jr. will still have a considerable vested interest in the new company, indicating their interest in its future and success. This is not just a financial move; it is also a political one. The Trump family’s influence blends with cryptocurrency’s technological and financial aspects.
Bitcoin Mining Gets Institutional Push with Gryphon and American Bitcoin Merger
The merger has sparked mixed reactions in the cryptocurrency community. Supporters see it as a bold step to institutionalize Bitcoin mining. They believe it will raise awareness and attract more investment. Notable names like Eric and Donald Trump Jr. could boost Bitcoin mining’s popularity and make it a more appealing investment.
The flip side of the coin is that critics fear the existence of power concentration in the cryptocurrency industry and the chances of political factors taking over of the technological and market principles. The Trump family engagement has also cast doubt on regulatory reviews and whether the merger would result in a conflict of interest.
Gryphon Digital Mining made several strategic decisions before the merger. It added more shares to the authorized list and did a reverse stock split in May 2025. These moves helped stabilize the company’s market position. As a result, Gryphon was ready for the merger. The merger marks a new phase for Gryphon. The merged company will now have the resources and leadership to compete in the competitive Bitcoin mining sector.
