American Bitcoin begins trading on NASDAQ as ABTC after merger

American Bitcoin Corp. (NASDAQ: ABTC) commenced trading on the Nasdaq exchange under the ticker symbol "ABTC" on September 3, 2025, following completion of its stock-for-stock merger with Gryphon Digital Mining, Inc.

The company operates as a majority-owned subsidiary of Hut 8 Corp. (NASDAQ: HUT) and focuses on Bitcoin accumulation through integrated mining operations and market purchases. American Bitcoin combines self-mining capabilities with opportunistic Bitcoin purchases to build Bitcoin reserves.

"Today, American Bitcoin becomes a premier public vehicle for investors seeking scalable, singular exposure to the defining asset class of our time," said Eric Trump, Co-founder and Chief Strategy Officer of American Bitcoin.

The company leverages Hut 8's infrastructure platform to mine Bitcoin without requiring significant capital investment in proprietary data centers. This arrangement allows American Bitcoin to access next-generation ASIC technology and scaled colocation infrastructure.

"With the backing of the public markets, we believe American Bitcoin is now positioned to set the standard in Bitcoin accumulation," said Asher Genoot, Executive Chairman of American Bitcoin and CEO of Hut 8.

American Bitcoin's business model integrates scaled Bitcoin mining operations with market-based accumulation strategies. The company aims to maximize Bitcoin per share through what it describes as rapid, efficient Bitcoin accumulation methods.

The merger transaction was completed following regulatory approvals, with proxy statement documentation filed with the U.S. Securities and Exchange Commission on July 31, 2025.

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