American Bitcoin Eyes Nasdaq With Promise of Becoming the World’s Biggest Miner

Quick Highlights

• American Bitcoin to go public via merger with Gryphon Digital Mining.
• 98% of shares controlled by Hut 8, Eric Trump, and Donald Trump Jr.
• Company aims to become the “world’s largest Bitcoin miner.”

American Bitcoin Prepares for Nasdaq Debut With Trump Brothers on Board

American Bitcoin is preparing for a public listing on Nasdaq as early as September, according to a recent Reuters report. The move is being made possible through a merger with Gryphon Digital Mining, which Hut 8 CEO Asher Genuth says is now in its final stages.

Instead of pursuing a traditional IPO, the company is opting for a merger that provides faster access to capital markets. Genuth explained that joining forces with an established firm gave them broader financing opportunities compared to going public on their own.

Founded With High-Profile Backers

The company was founded in March 2025 through a joint venture between Bitcoin miner Hut 8 and Eric Trump and Donald Trump Jr., sons of U.S. President Donald Trump.

Under the agreement, the company will keep its name, American Bitcoin, and trade under the ticker symbol ABTC. Control of the venture will remain concentrated: Hut 8, Eric Trump, and Donald Trump Jr. will collectively hold 98% of the company’s shares.

Prominent investors include Gemini exchange founders Tyler and Cameron Winklevoss, who also supported the project from its early days.

Ambitions to Dominate Bitcoin Mining

American Bitcoin first announced plans to merge with Gryphon in May. The company has since declared its intention to become the “world’s largest and most efficient pure Bitcoin miner.”

Its strategy includes both mining Bitcoin and purchasing it on the market, depending on profitability. “We don’t stick to just one playbook,” Genuth noted. “Sometimes it’s more profitable to mine, sometimes to buy — we adapt to whatever gives the strongest returns.”

Despite criticism from Donald Trump himself about possible conflicts of interest, the company maintains it has no ties to government agencies. Instead, Eric Trump is said to be focused on strategy, mining operations, new facility development, and treasury policy.

With heavyweight investors, political family ties, and the goal of becoming the world’s largest Bitcoin miner, American Bitcoin’s Nasdaq debut promises to be one of the most closely watched crypto stories of 2025.