Hut 8 subsidiary American Bitcoin to go public via merger with Gryphon; stockholders to own 98%

Hut 8 Corp.

American Bitcoin (Hut 8 majority-owned) merges with Gryphon Digital Mining (Nasdaq: GRYP) in stock-for-stock transaction.
Existing American Bitcoin stockholders will own ~98% of the combined company; Hut 8 retains majority beneficial ownership.
Combined company to be renamed American Bitcoin Corp., trade on Nasdaq under ticker ABTC; expected to close Q3 2025.
Hut 8 will remain exclusive infrastructure & operations partner under long-term commercial agreements, generating stable revenue.
Management team includes Mike Ho, Asher Genoot, Justin Mateen, Michael Broukhim; Eric Trump on leadership team.

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