Editor's PiCK
Trump family Bitcoin mining company seeks Nasdaq listing in September
Summary
- American Bitcoin, the Trump family's Bitcoin mining company, said it will pursue a Nasdaq listing next month.
- American Bitcoin said it plans a backdoor listing through a merger with Gryphon Digital Mining.
- The major shareholder of American Bitcoin is Hut 8 (HUT 8), which said the merger plan will be finalized soon.
A Bitcoin (BTC) mining company owned by U.S. President Donald Trump's family is seeking a Nasdaq listing in the United States, targeting next month.
On the 28th (local time), Reuters reported that U.S. Bitcoin miner American Bitcoin is pursuing a plan to gain a Nasdaq listing through a merger with Gryphon Digital Mining. Gryphon Digital Mining is a Nasdaq-listed Bitcoin mining company.
The target timing for the listing is early next month. Asher Genoot, CEO of HUT 8, a major shareholder of American Bitcoin, told Reuters, "(the merger plan) will be finalized soon."
American Bitcoin is a company jointly founded in March this year by President Trump's eldest son Donald Trump Jr. and his second son Eric Trump. Earlier, American Bitcoin announced plans in May to merge with Gryphon Digital Mining.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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