American Bitcoin, a U.S.-focused Bitcoin mining company 20% owned by Donald Trump Jr. and Eric Trump, is set to debut on the Nasdaq in September under the ticker symbol ABTC. The listing follows an all-stock merger with Gryphon Digital Mining, with Canadian mining giant Hut 8 Corp. retaining 80% ownership of the combined entity.
The company, launched in March 2025, has raised $230 million—$220 million from accredited investors and $10 million in Bitcoin—to expand infrastructure and strengthen its treasury. Its strategy involves both mining Bitcoin and purchasing it outright for its balance sheet.
Hut 8 CEO Asher Genoot, speaking at the Bitcoin Asia conference, indicated that the firm may pursue foreign partnerships to broaden access for investors unable to buy Nasdaq-listed stocks directly. The move is seen as a bet on sustained public market appetite for crypto miners despite intensifying competition and energy cost fluctuations.
The Trump family's involvement adds a political dimension, with former President Donald Trump recently endorsing Bitcoin as key to U.S. financial independence. However, this could also attract regulatory scrutiny from agencies like the SEC and CFTC.