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The American Bitcoin, a crypto-mining agency, supported by the two sons of US President Donald Trump, could mention on the Nasdaq as soon as September after the company had the support of crypto and traditional investors in a merger for all shares.
According to For a Reuters report, the non -listed merger of the mining company with GryPhon Digital Mining will soon be completed, provided that the shareholders vote to approve the scheme.
The aim of the merger is to start acting at the beginning of September, said Asher Enjoyed, the CEO of the largest shareholder of the American Bitcoin, Hut 8.
American bitcoin that are considering companies outside the US
When the merger has been completed, Eric Trump, his brother Donald Trump JR and Hut 8 will jointly hold a 98% interest in the new entity. This new company retains the name American Bitcoin and exchanges under the Ticker “ABTC”.
“Instead of going directly via the IPO via IPO, we thought that there were many more benefits for financing if we had an existing company that already had access to different financing,” said during the Crypto Asia conference in Hong Kong.
The American Bitcoin can therefore expand outside the US, said.
He added that the company is considering buying interests in countries that are not located in the US to give investors who are not prevented from giving the Nasdaq-listed shares access to Bitcoin companies with the listed Bitcoin.
At the moment, however, enjoyed it says that American Bitcoin has not promised anything, adding that those plans are still in the “very early” phases.
Eric Trump to travel to Tokyo for Metaplanet
The Trump family is involved in various crypto companies, who has drawn a considerable amount of criticism from American legislators who believe that it offers a conflict of interest in view of the president’s ability to influence the policy for possible financial gain.
We need a strong crypto regulation – no giveaway in the industry that endangers our economy and the corruption of President Trump for Supercharges. pic.twitter.com/6svbwmisff
– Elizabeth Warren (@Senwarren) August 10, 2025
Those companies include the Meme Coins Official Trump (Trump) and Melania (Melania), a decentralized platform called World Liberty Financial (WLFI) and an interest in Polymarket, which recently purchased one of the Trump’s risk capital arms.
In March Eric Trump also joined a metaplanet as a consultant, where he will help the company to continue his aggressive accumulation of Bitcoin (BTC).
Metaplanet is currently ranked as the seventh largest Bitcoin Treasury company worldwide and is the largest BTC holder in Asia with 18,991 coins on the balance, according to to data from Bitcoin treasuries.
Eric Trump also goes to the Crypto Asia Conference and will travel to Tokyo for Metaplanet this weekend, said.
Eric Trump says his family turned to crypto after the banking system “was armed to them” under the administration of Joe Biden.
Hut 8 runs from mining to energy and data centers
Hut 8 merged with American Data Centers, a company that was supported by the Trumps earlier this year, to launch the American Bitcoin.
Hut 8 is the largest shareholder in American Bitcoin and has 80% of its shares, while the entity -related entity has the remaining 20%.
The deal has effectively transferred the majority of the mining assets of Hut 8 to the new entity, including the ASIC (Application -specific integrated circuit) miners in exchange for operational control and the majority of ownership.
Enjoyed during the interview that Hut 8 has shifted his focus from mainly crypto -my -construction to energy infrastructure and data centers after the American bitcoin was created.
Hut 8 has also become the exclusive infrastructure and operational partner for the American bitcoin, which offers the new entity support, energy and back-office services such as accounting, HR, Legal and IT.
Benchmark retains the “Koop” rating for hut 8
In Related News, Investment Bank -Benchmark has repeated its ‘Buy’ rating for the shares of Hut 8 and has also increased its target for the shares of the company from $ 33 to $ 36 due to the company’s expansion plans.
Hut 8 Sharing race (Source: Google Finance))
That is after Hut 8 unveiled Plans to develop 1.53 Gigawatt new capacity on four American sites. These new sites will be used to offer energy for various computer purposes, excluding Bitcoin mining.
The senior Equity research analyst of Benchmark, Mark Palmer, said in a comment that the extension plans of Hut 8 “would establish it as one of the greatest owners of power that could be used for AI/High-Power Computing-Deskads, Bitcoin-Mijnbouw or other purposes.”
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