Trump-Backed Bitcoin Miner Eyes Nasdaq Debut Through Blockbuster Merger With Gryphon
Another day, another crypto play for the public markets—but this one’s got political star power.
Trump-affiliated Bitcoin mining operation makes power move: A SPAC deal with Gryphon Digital Mining could land it on Nasdaq by 2025’s end. Because what screams 'institutional adoption' louder than a former president’s pet project riding the blockchain wave?
The mining gambit: While retail traders chase memecoins, the big boys are still betting on infrastructure. This merger would give the Trump-linked operation both liquidity and legitimacy—assuming Gryphon’s due diligence missed the 'volatility' chapter in Crypto 101.
Wall Street meets MAGA finance: Because nothing bridges political divides like shared hunger for speculative returns. Just don’t ask about energy consumption stats when the ESG funds come knocking.
Trump-Backed Mining Venture Gains Momentum
American bitcoin Corp. was launched in March 2025 as a joint venture between publicly traded mining firm Hut 8 (NASDAQ: HUT) and members of the Trump family. The company is majority-owned by Hut 8 (80%), while the remaining 20% is held by American Data Centers, a group backed by Eric Trump and Donald Trump Jr.
The firm has already raised $220 million through a private share placement to fund Bitcoin acquisitions and mining infrastructure. Its strategic focus is to accumulate and hold Bitcoin reserves, positioning itself as both a mining operator and long-term asset holder.
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Shareholder Approval Key to Public Listing
The merger plan involves Gryphon folding into American Bitcoin, with existing shareholders—including Eric Trump, Donald TRUMP Jr., and Hut 8—retaining approximately 98% ownership of the newly listed company.
Eric Trump currently serves as Chief Strategy Officer, further signaling the Trump family’s direct involvement in the venture’s long-term roadmap.
The outcome of the shareholder vote will determine whether the merger proceeds as planned, potentially establishing American Bitcoin as a major, Trump-affiliated player in the U.S. crypto mining landscape.
