Bitcoin and Gryphon Digital Mining Move Forward with Merger through SEC Filing

American Bitcoin Corp. and Gryphon Digital Mining have announced a significant milestone in their planned stock-for-stock merger through the submission of a revised S-4 form registration statement to the U.S. Securities and Exchange Commission (SEC). The proposed merger aims to establish a new publicly listed company named “American Bitcoin,” which will be led by American Bitcoin’s existing management team and board of directors. The transaction is expected to be completed by the third quarter of 2025, resulting in the merged company being listed on Nasdaq under the stock symbol “ABTC.”

American Bitcoin, a subsidiary of Hut 8, counts notable figures such as Eric Trump among its supporters. The company’s primary focus lies in industrial-scale Bitcoin mining and the strategic accumulation of Bitcoin reserves. By joining forces with Gryphon Digital Mining, American Bitcoin plans to capitalize on its brand recognition and political influence, combined with Gryphon’s expertise in sustainable mining practices. The resulting entity, American Bitcoin (ABTC), is poised to make a significant impact in the digital mining sector through its emphasis on sustainability and innovation.

The recent submission of the revised S-4 form is a pivotal step in the merger process, offering detailed insights into the merger terms, financial status of both companies, and associated risks. American Bitcoin and Gryphon’s progress in the merger listing process underscores their dedication to a successful merger and their preparedness to navigate regulatory requirements. Nevertheless, the merger’s finalization is contingent upon securing regulatory approval and fulfilling other closing conditions, necessitating ongoing collaboration with the SEC and relevant authorities to ensure a seamless and efficient merger process.

This merger underscores the increasing significance of digital mining and the industry’s shift towards sustainable practices. The combined entity, American Bitcoin (ABTC), is expected to emerge as a prominent player in the market, embodying a commitment to innovation and sustainability. The submission of the revised S-4 form marks a positive advancement for both companies, signifying a substantial progression towards the creation of a new publicly traded company.