American Bitcoin, a Trump -backed mining company and HUT 8, plans for the public thanks to the integration with Gryphon Digital Mining. This represents the various business projects of the Trump family in encryption.
However, there are still many unanswered questions about the potential integration deal. For example, it is not clear what Griffon contributes unlike his name, but his share price has jumped more than 200 % since the announcement.
Trump’s sons return the American Bitcoin
Since its launch, President Trump and his family have been following various interests in the encryption industry.
Between WLFI and USD1 Stablecoin, experiments were in Gamefi, construction projects, more, Eric and Don Junior are very busy. In late March, the Trump brothers cooperated with HUT 8 to launch Bitcoin Mining Company, which will be released soon.
According to the last press ReleaseAmerican Bitcoin merges with Griffon, another mining company, to transfer the Trump family project to the next level.
In order to be clear, this statement reduced the participation of the brothers, just stated that Eric Trump will be in the company’s management team. There were also no details about the possible public subscription, but the deal must be closed in the third quarter.
The fully compact company of the company will consist of American Bitcoin leaders, with the exception of Gryphon Digital Mining. Everyone in the company’s board of directors and the management team had a role in the original subsidiary HUT 8.
This new company will retain the American Bitcoin and Trade under the ABTC stock index.
This integration announcement is also highlighted on specific details about mining work. It reduces the TROMP Brothers link to the American bitcoin, but only states that HUT 8 will manage exclusively to infrastructure and operations.
The quotation from Asher Genot, CEO of HUT 8, is one of the only expressions of mining in the press statement.
“This transaction represents the next step in expanding the American bitcoin as a tool designed for this purpose for a large -cost bitcoin accumulation. By taking the American Bitcoin, we expect to open direct access to the capital of dedicated growth independently from the HUT 8 budget, while maintaining long -term exposure to bitcoin along with our shareholders.”
For a variety of reasons, the profits of miners in the United States are diminished, and this affected the 8 cottage. Although large investment and promotion of technical capabilities last year, huge losses in the second quarter of 2025 were recently recorded. HUT 8 revenues decreased by 58.1 %, with a net loss of $ 134 million. However, Genot described this as “a deliberate and necessary stage of investment.”
With the Trump Brothers in Bitcoin America, HUT 8 may have some new opportunities. Nearly 98 % of the compact company shares will go to the previous dependencies.
However, HUT 8 already has 80 % of the current Bitcoin shares. The company can take advantage of the Trump family brand to take advantage of new investors by offering it in public.
It is not somewhat clear what Griffon contributes to the proposed integration. Gryphon “You will get the American Bitcoin coin in the treatment of stocks for stocks,” but its press is Release It claims that its current shareholders “are expected to own about 2 % of the joint company.”
However, the Merger News has caused the price of more than 200 % Gryphon.
On social media, Griffon’s merger advertisement It attracted society Suspicion Regarding the American bitcoin and Trump’s connection.
There are still many unanswered questions about the new company and mining operations. We hope to show more details as the merger deal approaches.
Disintegration
In adherence to the confidence project guidance, beincrypto is committed to unprepared and transparent reporting. This news article aims to provide accurate information in time. However, readers are advised to independently verify facts and consult with a professional before making any decisions based on this content. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
