American mining workers associated with Trump is advancing the audience through Griffon, merger

On May 12, companies announced that the Bitcoin Bitcoin Mining Company is exposed to the public through a merging process with Crypto Mining Company Gryphon Digital Mining, the companies announced on May 12.

under conditions From the deal, Gryphon Digital Mining will get Bitcoin America in a stock deal for stock. After the merger, the new company will operate under the American Bitcoin brand and is led by its board of directors, which includes Eric Trump, the second sons of US President Donald Trump.

Integration news coincided with a sharp rise in the price of the Gryphon Digital Mining, which rose from $ 0.52 on May 9 to $ 2.15 at the time of writing this report, an increase of more than 313 %, According to To Google Finance.

It follows the advertisement Early April reports The American Bitcoin was thinking about a preliminary general (public subscription).

The American Bitcoin is a subsidiary of the majority of energy infrastructure, encryption mining, and the HUT 8 Data Center. The CEO of Asher Genot, CEO of Asher Genot, said that the company aims to make the American Bitcoin “a method created for this purpose for the accumulation of low -cost bitcoin on a large scale.” He added:

“By taking the American bitcoin, we expect to open direct access to the allocated growth capital independently of the HUT 8 budget, while maintaining long -term exposure to bullish bosses for our shareholders.”

Related to: Best Bitcoin miners produced approximately $ 800 million from BTC in Q1 2025

Shares and post -merging structure

According to the announcement, the current American Bitcoin shareholders will have about 98 % of the newly formed company. After treatment, the new company will control most of the distinguished shares.

HUT 8 will continue to manage the American bitcoin infrastructure and operations through long -term trade agreements. These deals are expected, according to the announcement, will generate stable and closing revenue flows for the HUT 8 digital infrastructure sectors.

Related to: Bitco Miner Hut 8 grows 79 %, despite the quarterly loss of $ 134 million

What is the American bitcoin?

HUT 8 got the majority share in the American Bitcoin when it was revealed at the end of March, with support from Many members of the Trump family. The company, previously known as the American Data Center, was established by a group of investors, including Trump’s sons, Donald Trump Junior and Eric Trump.

After the deal, the American Bitcoin captured the Bitcoin Hut 8 mining devices. This advertisement explained at the time that the new company “aims to become the world’s largest and most efficient Bitcoin mine mine with a strong strategic reserve building.”

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