Merger between Gryphon and American Bitcoin
The newly established entity, operating under the American Bitcoin name, aims to become the most efficient Bitcoin mining firm in the world—a bold target that underscores the merger’s significance. Central to this initiative is a dual emphasis on low-cost energy infrastructure and a solid Bitcoin reserve model, both expected to provide a competitive advantage in a sector where profit margins are increasingly pressured by higher hash rates and regulatory oversight.
In terms of market visibility, the Nasdaq listing under the ticker “ABTC” is expected to enhance exposure and liquidity, simplifying the process for institutional and retail investors—including those in Australia—to engage with the Bitcoin mining industry through traditional equity investments. This could be especially attractive to SMSF (Self-Managed Super Fund) investors down under, who seek regulated pathways into the crypto world without directly owning digital assets.
The Bitcoin mining company Gryphon Digital Mining has finalized a definitive agreement to merge with American Bitcoin Corp. through a stock-for-stock transaction. This merger will create a new public entity under the American Bitcoin brand, with the deal anticipated to conclude by Q3 2025. According to the agreement, Gryphon shareholders will maintain roughly 2% equity in the combined entity, while the remaining 98% will be owned by American Bitcoin’s stakeholders.
As the merged entity approaches its Q3 2025 launch, its strategic roadmap appears centered around scalability, resilience, and long-term value creation. For Australian crypto aficionados, this could signify a new phase in the advancement of public Bitcoin mining—one that integrates traditional financial frameworks with the decentralized principles of blockchain technology.
“We believe that fusing Gryphon’s operational prowess with American Bitcoin’s capital and infrastructure will enable us to cultivate a mining titan that is not only efficient but also resilient in times of market volatility,” stated a representative knowledgeable about the merger strategy.
The merger is pending several approvals, including the agreement of Gryphon shareholders. Both companies are optimistic that the process will conclude by the third quarter of 2025. Upon completion, the new entity will blend Gryphon’s innovative mining techniques with American Bitcoin’s capital strength and strategic reserve goals, aspiring to become a leading player in the North American Bitcoin mining sector.
Source: bitcoinmagazine.com
Strategic goals and future outlook
“Going public with American Bitcoin is a vital move towards scaling the business to the pace and scope we envision,” stated Asher Genoot, Board Member of American Bitcoin and CEO of Hut 8. “Time-to-market was essential, and this merger offers a streamlined route to public markets by joining forces with an entity that complements American Bitcoin’s mining-centric launch strategy.”
The united company is expected to trade on the Nasdaq under the ticker symbol “ABTC” once the merger is complete.
American Bitcoin, launched this year through a partnership between Hut 8 Corp. and Eric Trump, aims to emerge as a significant contributor to Bitcoin infrastructure development throughout the United States. The firm emphasizes large-scale mining operations and the strategic accumulation of Bitcoin reserves—this strategy aligns well with Gryphon’s innovation-centric mining approach.
Energy efficiency is another fundamental aspect of the combined entity’s vision. With energy expenses ranking among the most considerable operational costs in mining, the new firm proposes to utilize American Bitcoin’s access to affordable, sustainable energy sources. This is particularly pertinent for Australian miners and investors, who are increasingly considering ESG (Environmental, Social, and Governance) factors in crypto operations. The focus on clean energy may also aid the company in navigating growing regulatory pressures regarding carbon emissions within the mining industry.
For Australian stakeholders and crypto observers, this reflects a transformation in how mining companies are positioning themselves—not merely as Bitcoin producers, but as strategic holders of the asset. The reserve approach particularly resonates with the “HODL” mentality familiar to many in the Aussie crypto community, yet on an institutional scale. By accumulating Bitcoin rather than promptly liquidating mined coins, the company aims to capitalize on long-term price appreciation while also strengthening its balance sheet.
- Prioritize strategic Bitcoin reserves to mitigate market volatility
- Implement low-cost, sustainable energy infrastructure to lower operational expenses
- Achieve public listing on Nasdaq to improve investor access and capital acquisition capabilities
- Merge Gryphon’s mining innovations with American Bitcoin’s scale and capital
Steve Gutterman, CEO of Gryphon, conveyed optimism regarding the merger, highlighting that this move provides Gryphon investors with an opportunity to engage in what he termed “the next chapter of public Bitcoin mining.” He underscored American Bitcoin’s leadership and strategic direction as crucial motivators behind the decision to unite.
For Australian cryptocurrency investors and blockchain enthusiasts, this merger indicates a burgeoning trend of consolidation within the Bitcoin mining industry, where major entities pursue scale, efficiency, and public market access to remain competitive in an ever-globalizing mining economy.
