07:32 AM EDT, 08/28/2025 (MT Newswires) -- Gryphon Digital Mining ( GRYP ) is nearing the completion of its merger with American Bitcoin, with the merged company aiming to start Nasdaq trading in early September under the ticker ABTC, Reuters reported Thursday, citing Hut 8 ( HUT ) Chief Executive Officer Asher Genoot.

Hut 8 ( HUT ) holds an 80% stake in American Bitcoin, according to Reuters.

In May, American Bitcoin announced the go-public deal through a stock-for-stock merger, with American Bitcoin as the surviving entity. The transaction was expected to close as early as Q3 and American Bitcoin shareholders were expected to own about 98% of the merged company.

American Bitcoin and Gryphon did not immediately respond to MT Newswires' request for comment.

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