- ABTC aims to control 15% of U.S. Bitcoin mining capacity after the Gryphon merger.
- Trump family’s ABTC Nasdaq debut signals growing political influence over U.S. crypto mining.
- ABTC’s rise marks a shift toward centralized power in the decentralized Bitcoin space.
American Bitcoin Corp. is set to become a major force in U.S. crypto mining through a pending Nasdaq listing under ticker ABTC. The company, co-founded by Eric Trump and backed by Donald Trump Jr., is merging with Gryphon Digital Mining in an all-stock deal. This move not only consolidates mining power but also signals growing political involvement in the crypto sector.
Trump Family Ties Raise Stakes in Bitcoin Mining
The merger between American Bitcoin Corp and Gryphon Digital Mining is structured as a stock-for-stock transaction. Gryphon shareholders will exchange their holdings, while American Bitcoin stakeholders will retain control of approximately 98% of the combined entity. The vote to approve the deal is scheduled for August 27, with the public listing expected in early September.
Eric Trump holds the title of Chief Strategy Officer and is positioned to receive 367 million shares in the new company. While nominally valued at $367 million, private transactions suggest the shares could be worth closer to $92 million. Donald Trump Jr. also holds equity via American Data Centers, a minority partner in the venture.
The firm was launched in March 2025 as a joint project between publicly traded miner Hut 8 and the Trump family. Hut 8 owns 80% of American Bitcoin, while the Trump-backed American Data Centers holds the remaining 20%. The company has already mined over 215 Bitcoin and raised $220 million in private capital.
Hashpower Consolidation and Wall Street Expansion
Post-merger, American Bitcoin aims to control over 15% of U.S. Bitcoin mining capacity. This aggressive scale-up strategy will place ABTC among the top public mining firms in the country. The firm is also positioning itself as a long-term holder of mined Bitcoin, rather than a seller.
The proposed Nasdaq listing will offer a conventional market point of entry to Bitcoin mining exposure. This action allows pension funds, asset managers, and others to tap into the crypto market dynamic through regulated equity. It is another milestone towards the institutional acceptance of mining as a financial asset class.
Gryphon, currently listed under ticker GRYP, saw its shares drop by 3% following the announcement. However, the merger promises to realign the company under more substantial capital and political leadership. The listing could reshape public mining benchmarks and bring a new regulatory spotlight.
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Political Influence Set to Shape U.S. Crypto Landscape
Political capital is incorporated into crypto mining infrastructure. With direct involvement from the Trump family, the new venture may shape policy and regulation in Washington. This may produce benefits in approval, energy access, and general relaxation of rules.
The venture supports Donald Trump’s broader push for what he calls a “golden age of crypto” centered in the U.S. It reflects a clear political intention to establish American dominance in global digital asset mining. The merger, if approved, brings those ambitions into direct alignment with Wall Street operations.
As regulations become stricter, the ABTC listing may serve as a breaking point for the political and financial future of crypto mining. The hashpower, backed up by financial and political resources, is an indicator of a shift towards centralized power in the decentralized Bitcoin environment. The question of whether this will help or harm mining remains to be seen once the vote is cast on August 27.
