American Bitcoin, a new crypto mining business started by Eric Trump, Donald Trump Jr. and data center operator HUT 8, has merged with Griffon Digital Mining in inventory trading and is in a position to be made public on NASDAQ by the third quarter of 2025.
“By making American Bitcoin available to the public,” said Hut 8 (Hut) CEO Asher Genoot in a press release.
Eric Trump is the Chief Strategy Officer of Bitcoin in America, and like his father, he hopes the US will lead the world in Bitcoin mining. In fact, it’s already been the case, and Bitcoin Miners are swallowing Gigalitar from the US water supply to cool the machine.
President Donald Trump has explicitly stated that he hopes the United States will become the “codile capital of the earth.” Similarly, Eric Trump told CNBC (CMCSA).
The Trump family’s crypto deals have already been in the spotlight. Congress rejected the genius law that would create a federal framework for stubcoin after raising concerns about the president’s son and the president’s own memecoin, $Trump-owned world free finance. Coin’s website has the top 25 win private receptions and promised dinner with the president to the top 220 coin holders. This promotion has caused $Trump to surge 50%.
And on May 1, the Abu Dhabi-backed investment fund announced that it would use the Trump family’s stubcoin to promote a $2 billion investment in crypto exchange Binance. Genius once had bipartisan support, but now Republicans Rand Paul and Josh Hawley are opposed to the Democrats. It failed the first Senate vote.
American Bitcoin shareholders own 98% of the new shares in the merged company. Hut 8 owns 80% of American Bitcoin, while the Trump brothers own the other 20%.
Gryphon Digital Mining (GRYP) inventory rose 323% when the market opened on May 12th.
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