A post by @DeItaone on X.
TRUMP FAMILY-LINKED MINER SAYS IT AIMS TO GO PUBLIC IN $2 BILLION DEAL, SOURCE SAYS
@DeItaone on X
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American Bitcoin, the Trump family-linked bitcoin miner, said it aims to go public in a deal valued at about $2 billion, according to a source. The company, majority-owned by Hut 8, plans a merger with Gryphon Digital Mining that would list shares on Nasdaq under ticker ABTC, with the Trump family holding a stake and Eric Trump serving as co-founder and chief strategy officer. The move gives public-market investors direct exposure to a politically connected miner as bitcoin mining consolidates around larger, better-capitalized players. Watch for the filing of the merger's S-4 registration statement, shareholder approval, and any disclosure of the Trump family's exact ownership percentage.
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Named in this story
Trump Family-Linked Miner, Trump Family