Gryphon Digital Mining(US:GRYP) 智通财经网·2025-05-12 13:08Group 1 - A company associated with the Trump family, focused on Bitcoin operations, will go public through a merger with Gryphon Digital Mining [1] - The merger will be an all-stock transaction, with the new company retaining the brand of American Bitcoin Corp and expected to list on NASDAQ under the ticker "ABTC" [1] - Following the announcement, Gryphon's stock price surged by 420% in pre-market trading, reaching approximately $1.98 per share [1] Group 2 - Post-merger, existing shareholders of American Bitcoin Corp are expected to hold about 98% of the new company [2] - The new company will be led by the board and management team of American Bitcoin Corp, with Eric Trump continuing as Chief Strategy Officer [2] - The CEO of Hut 8 Corp stated that this transaction marks a significant step for American Bitcoin Corp, enabling it to become a large-scale, low-cost Bitcoin accumulation platform [2]