Gryphon Digital Mining has entered into a definitive agreement to merge with American Bitcoin Corp in a stock-for-stock deal, creating a new public entity named American Bitcoin. Set to close by the third quarter of 2025, the merger will grant Gryphon shareholders about 2% ownership while 98% will be held by American Bitcoin's stakeholders. The companies plan to optimize Bitcoin mining efficiency with a focus on low-cost energy and strategic reserves. Following the merger, the new company will trade on Nasdaq under the ticker symbol 'ABTC.'
The Gryphon team is pleased to offer our stockholders the opportunity to participate in what we believe will be the next era of public Bitcoin mining through this combination.
Taking American Bitcoin public is a critical step toward scaling the business at the pace and magnitude we envision.
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