American Bitcoin, a Bitcoin miner partly owned by Donald Trump’s sons, is gearing up for a public listing on Nasdaq this September. The firm aims to strengthen its market position amid growing competition in the mining sector.
In a strategic merger with Gryphon Digital Mining, existing shareholders will retain about 98% of the combined entity. This approach is expected to attract significant investor interest.
With 220 million USD raised from investors and an additional 10 million USD in Bitcoin, American Bitcoin is enhancing its treasury to support its operations as it transitions to a publicly traded firm.
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