Bitcoin Trump Mining Project for the public in the Griffon deal

(May 13): A project that focuses on the Bitcoin coin associated with the Trump family is to publicly throw as part of the integration agreement with Gryphon Digital Mining.

Hut 8 said in a statement on Monday that Bitcoin Corp America, owned by the majority of HUT 8 Corp supported by Eric Trump and Donald Trump JR, ​​will be obtained by Gryphon in the merger deal. Gryphon shares jumped up to 460 % to $ 2.93 (RM12.69), while HUT 8 increased by 17 % to $ 16.31.

Bitcoin America was launched in March, focusing exclusively on bitcoin mining and strategic Bitcoin reserve development. The company was previously known as the American Centers Inc, an entity formed by a group of investors including Trump’s sons. It also plans to hold a large amount of bitcoin in its public budget, which mimics Michael Sailor’s strategy.

The statement said that the newly collected company will work on the American Bitcoin brand and is expected to circulate on the Nasdaq Stock Exchange under the “ABTC” code. The deal is expected to close early in the third quarter of this year. No additional financial details have been revealed.

Bitcoin miners are among the first supporters of Trump, who pledged to make every bitcoin in the United States during his presidential campaign. The project with HUT 8 expands Trump’s relations with the encryption industry. The family launched the global decentralized financing platform, Liberty Financial, which is supported by the US dollar, the non -explosive symbols and the mechanics that are presented and Melania Trump.

Fears regarding the potential conflict of interests between the Trump family and the sector were brewing with Democrats in the Senate who prohibit Stablecoin legislation supported by the digital asset industry earlier this month amid the wide and growing Trump portfolio of Crypto projects.

Bitcoin’s mining has turned into a bill of dollars in a boom in encryption in recent years with miners listed in the United States who dominate the market after Beijing imposed a comprehensive embargo on these operations. American miners have faced a largely violent political reaction from Democrats over the high energy consumption involved in this process as well as the negative environmental effects on local communities.

Bitcoin America’s current shareholders are expected to have about 98 % of the joint company. It will be led by the Board of Directors, American Bitcoin and management team, including Eric Trump, the company’s chief strategy official.

“This deal is determined by the next step in limiting the American bitcoin as a tool designed for this purpose for large -cost bitcoin accumulation.