The Trump Family’s Bitcoin Mining Venture Goes Public
The Trump Family’s Bitcoin Mining Venture Goes Public Is it real? Yes. American Bitcoin—a cryptocurrency mining company co-founded and backed by Eric Trump and Donald Trump Jr.—has announced plans to list on the Nasdaq stock exchange. This move comes via an all-stock merger with Gryphon Digital Mining, set to close in the third quarter of 2025 . Existing shareholders, including the Trump brothers and crypto miner Hut 8, will retain 98% ownership of the combined company. 1. Why Go Public? By merging with Gryphon Digital Mining, American Bitcoin aims to: Unlock Growth Capital without diluting existing shareholders Scale Operations by accessing public market funding Enhance Transparency and attract institutional investors 2. Key Players and Ownership Structure Eric Trump will continue as Chief Strategy Officer, guiding the company’s long-term vision. Hut 8, a leading crypto miner, will remain the primary infrastructure partner. Upon closing, the ...