Gryphon Digital Mining soars on merger with Eric Trump-backed American Bitcoin
12/05/2025 11:49
** Bitcoin miner Gryphon Digital Mining's GRYP.O shares rocket 332.7% to $2.25 premarket ** Hut 8 HUT.O arm American Bitcoin set to go public through merger with Nasdaq-listed Gryphon ** Combined company will operate under the American Bitcoin brand on Nasdaq under the ticker symbol "ABTC" ** U.S.-listed shares of Hut 8 jump 10.4% to $15.33 ** HUT had earlier this year joined hands with President Donald Trump's son, Eric Trump, to launch a bitcoin mining company called American Bitcoin ** "Our vision for American Bitcoin is to create the most investable Bitcoin accumulation platform in the market" - Eric Trump, co-founder and chief strategy officer of American Bitcoin ** Transaction expected to close as early as Q3 2025 with existing stockholders of American Bitcoin expected to own about 98% of the combined company (Reporting by Arasu Kannagi Basil in Bengaluru) ((ArasuKannagi.Basil@thomsonreuters.com))