Trump-Backed Bitcoin Miner Goes Public—Because What’s a Post-Presidency Grift Without Crypto?

Another day, another SPAC-turned-crypto moonshot. Donald Trump’s American Bitcoin Mining Company—yes, that’s a real thing now—just filed to go public. Because if there’s one thing Wall Street loves more than meme stocks, it’s politicians-turned-crypto-promoters.

The Details: Mining Meets MAGA

The company plans to merge with a blank-check firm, bypassing the traditional IPO circus. Because why bother with SEC scrutiny when you’ve got a built-in base of true believers? Expect mining rigs to be painted red, white, and blue—patriotism has a hashrate now.

The Bottom Line: Trust the Process?

Trump’s pivot from ‘crypto is a scam’ to ‘mine Bitcoin for America’ is… predictable. Meanwhile, institutional investors will pretend this isn’t pure spectacle—right up until the first earnings miss. Happy trading, degens.

The Trump-led American Bitcoin Signs New Merger as It Goes Public

Since his return to the White House, US President Donald TRUMP has embraced cryptocurrencies like never before. Indeed, he has facilitated the arrival of the first pro-crypto administration in the history of the nation. Moreover, this has allowed the industry to thrive, with a plethora of companies looking to get ahead of the growth.

That crypto-focus does not end with Donald Trump alone. That charge extends to the Trump empire and is being upheld by his children outside of the confines of the Oval Office. Subsequently, that continued today, when the Trump-American Bitcoin mining company was set to officially go public.

The brand received investment from both Erica Trump and Donald Trump Jr. this year. Now, they are set to take a major step forward. Both BTC mining and the Trump investment are poised for a boost following its Gryphon merger. Altogether, it strengthens the brand and visibility of the American Bitcoin company.

“This transaction marks the next step in scaling American Bitcoin as a purpose-built vehicle for low-cost Bitcoin accumulation at scale,” Hut 8 CEO Asher Genoot said. “By taking American Bitcoin public, we expect to unlock direct access to dedicated growth capital,” Genoot added. With the Trump name connected to it, it should continue to surge in value. Moreover, Bitcoin’s recent surge proves there may be no better time to go public than now.