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Gryphon shares surged 231% since May and jumped 42.1% to $1.75 on Thursday.
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Merger terms reported as all-stock; new company will keep the American Bitcoin name and pursue BTC treasury growth.
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Anchor investors include Winklevoss twins and Hut 8; deal expected to close soon ahead of early September trading.
Gryphon Digital Mining merger with American Bitcoin leads market gains; read the timeline, ownership split, and expected trading start—stay informed.
Gryphon’s shares jumped 42.1% on Thursday to $1.75 from $1.35, per Google Finance data. The rally followed comments from Hut 8 CEO Asher Genoot (largest investor in American Bitcoin) reported by Reuters that the merger is expected to be finalized soon, with trading slated to begin in early September.
According to the Reuters report, the merger will be all-stock. The new entity will retain the name American Bitcoin, and its two founders — Eric Trump and Donald Trump, Jr. — and Hut 8 will own 98% of the entity.
Gryphon Digital Mining’s share price on Thursday. Source: Google Finance
Anchor investors have been finalized. Two investors in American Bitcoin are Cameron and Tyler Winklevoss, the co-founders of cryptocurrency exchange Gemini. Cointelegraph reached out to American Bitcoin for comment but had not received a reply at time of publication.
What is the Gryphon Digital Mining merger with American Bitcoin?
The Gryphon Digital Mining merger with American Bitcoin is an all-stock combination that will create a single public company named American Bitcoin, consolidating mining operations and a growing Bitcoin (BTC) treasury. Executives expect the transaction to close before early September and to support expanded Bitcoin reserves and mining capacity.
How will the merger affect Gryphon Digital Mining shareholders and market dynamics?
Shareholders have seen strong price action: Gryphon shares are up roughly 231% since May and rose 42.1% intraday to $1.75. The all-stock deal grants existing leaders and key investors, including Eric Trump, Donald Trump, Jr., and Hut 8, approximately 98% ownership of the combined firm.
The merger is positioned to accelerate accumulation of BTC on the balance sheet and expand mining operations through planned equipment purchases and potential acquisitions in Asia. Market response has been driven by improved U.S. digital asset policy and investor appetite for crypto-related public listings.
Why is the timing favorable for crypto companies to go public?
Policy shifts in the United States have reduced regulatory uncertainty. Notable developments include a presidential executive order in March 2025 establishing a strategic Bitcoin reserve and the passage of the GENIUS Act in July 2025 regulating stablecoins. These moves helped catalyze a wave of IPOs and SPACs in 2025.
Recent high-profile listings—Circle and Bullish—produced strong debut gains, and firms such as Gemini and Kraken have publicly prepared IPO filings. This macro backdrop is cited by market participants as key to renewed investor interest in crypto public equities.