AsianFin -- American Bitcoin, a mining firm partly owned by former U.S. President Donald Trump’s sons, is preparing for a Nasdaq listing as soon as September, CEO Asher Genoot of Hut 8 said in an interview with Reuters.
The company is finalizing its merger with Gryphon Digital Mining, a deal that will pave the way for its public debut under the ticker ABTC. Hut 8 holds an 80% stake in American Bitcoin, while Eric Trump and Donald Trump Jr. are expected to own 19%. The venture was formally launched in March.
American Bitcoin aims to become one of the country’s largest crypto miners, expanding capacity as Washington signals a friendlier stance toward digital assets under Trump’s administration.
Hut 8 shares closed 0.6% higher on Thursday at $26.51, bringing its year-to-date gain to 29% from $21.10 in January, according to Yahoo Finance.
The project has also attracted high-profile backers. Earlier this month, Genoot revealed during Hut 8’s second-quarter earnings call that Gemini co-founders Tyler and Cameron Winklevoss invested in American Bitcoin, contributing Bitcoin rather than cash.