The Trump family’s crypto company is going public
American Bitcoin, a new crypto mining operation started by Eric Trump, Donald Trump Jr., and data-center operator Hut 8, is merging with Gryphon Digital Mining in a stock-for-stock transaction, placing it in a position to go public on the Nasdaq by the third quarter of 2025.
“By taking American Bitcoin public,” said Hut 8 (HUT) CEO Asher Genoot in a press release, “we expect to unlock direct access to dedicated growth capital independent of Hut 8’s balance sheet.”
Eric Trump is the chief strategy officer of American Bitcoin, and, like his father, wants the U.S. to lead the world in bitcoin mining; in fact, it already does, and bitcoin miners are gulping down gigaliters from the U.S….
