Gryphon and American Bitcoin Planning a Merger, Announcing Updates to SEC
The merger between Gryphon Digital Mining and American Bitcoin Corp. is moving forward, with the submission of a revised S-4 form to the Securities and Exchange Commission (SEC) on July 1, 2025. The combined entity, expected to operate under the American Bitcoin brand, aims to create a vertically integrated Bitcoin mining company.
The merger, which is a stock-for-stock transaction, will see Gryphon acquire American Bitcoin. The combined company is set to close as early as the third quarter of 2025, subject to regulatory approvals, including SEC clearance and stockholder consents. Upon completion, the merged entity will be listed on Nasdaq under the ticker symbol **"ABTC"**.
American Bitcoin's current management and board of directors will lead the post-merger company, ensuring continuity and strategic direction. The merger is driven by strategic Bitcoin reserve expansion and enhanced capital markets reach.
The potential Nasdaq listing could enhance American Bitcoin's access to U.S. capital markets, mirroring the market dominance seen in the North American mining sector post similar mergers such as Riot/Whinstone. This could increase competition and capital access, making the Bitcoin mining landscape more dynamic.
Meanwhile, the crypto market continues to evolve. Bitcoin (BTC) maintains a dominance of 64.67% with a price of $106,203.73. The US House is commencing 'Crypto Week', with key bills under review, and Coinbase has sued the Oregon Governor over cryptocurrency regulatory records. CZ, the CEO of Binance, has questioned Warren's crypto regulation claims on social media, while Gillian Lynch has been appointed as the new European Operations Head at Binance.
Elsewhere, MicroCloud Hologram has allocated $200 million to cryptocurrency investments, and Coinbase has released a base app integrating social and payment features. A16z has relocated its main entity to Nevada amid legal concerns, demonstrating the ongoing adaptability of the crypto industry.
As the merger between Gryphon Digital Mining and American Bitcoin Corp. moves closer to completion, the combined entity is poised to make significant strides in the Bitcoin mining sector, offering exciting opportunities for growth and innovation.
The combined entity, upon completion of the merger and listing on Nasdaq under the ticker symbol "ABTC," aims to leverage its enhanced capital markets reach for strategic Bitcoin reserve expansion. Meanwhile, with the US House commencing 'Crypto Week,' key regulatory decisions could impact the crypto mining landscape, including potential developments in crypto regulations that could influence the operations of the post-merger company.
