Gryphon Digital Mining, Inc. announced on May 12, 2025, that it has entered into a definitive merger agreement with American Bitcoin Corp. Under the terms of the stock-for-stock transaction, Gryphon will acquire American Bitcoin.
Upon closing, the combined company will operate under the American Bitcoin brand and will be led by the management and board of directors of American Bitcoin. The new entity is expected to trade on Nasdaq under the ticker symbol "ABTC."
Existing Gryphon stockholders are expected to own approximately 2% of the combined company, while former American Bitcoin stockholders, including Dominari Holdings and Hut 8, will own approximately 98%. The transaction is targeted to close in the third quarter of 2025.
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