Jul. 28 at 12:10 PM
$GRYP, ABTC,
$HUT, and
$DOMH are all involved in the following recent events in the cryptocurrency and Bitcoin mining sectors:
GRYP and ABTC Merger: Gryphon Digital Mining (GRYP) and American Bitcoin Corp (ABTC) are in the process of merging through a stock-for-stock transaction. The combined entity will operate under the American Bitcoin brand and is expected to trade on NASDAQ under the ticker symbol "ABTC" after the merger, which is targeted for closure as early as Q3 2025.
HUT's Role in ABTC: Hut 8 Corp. (HUT) is a significant player, as American Bitcoin is its majority-owned subsidiary. HUT will continue to be ABTC’s exclusive infrastructure and operations partner through long-term commercial agreements, generating stable revenue for HUT’s Power and Digital Infrastructure segments.
