Eric Trump launches the challenge to crypto mining and Bitcoin
The post Eric Trump launches the challenge to crypto mining and Bitcoin appeared on BitcoinEthereumNews.com. A merger worth over 350 million dollars is shaking the crypto mining world. The protagonist is Eric Trump, who is preparing to take his American Bitcoin Corp public thanks to the union with Gryphon Digital Mining Inc.. According to the latest official communications, this is one of the most significant operations ever seen in the U.S. sector. The project aims to redefine the balance of Bitcoin mining, with direct effects on both the Nasdaq and the entire cryptocurrency sector. Analysts speak of a “strategic shift” for the competitiveness of US companies, which could now attract a new wave of institutional capital. A new mining giant is born: American Bitcoin merges with Gryphon Digital Eric Trump, today at the operational helm of American Bitcoin, is accelerating the company’s expansion into the heart of the U.S. industry. The merger with Gryphon Digital will combine assets, technologies, and expertise to create an entity that, according to estimates, will control over 15% of the national hashrate. A result that would position the new company among the global leaders in the sector. The brand will retain the name American Bitcoin, with the official ticker ABTC on Nasdaq. The operation is expected to be completed by 2025, once it receives the green light from the SEC. Among the highlights of the agreement is the personal participation of Eric Trump, who will receive about 350 million shares of the new entity. With the average price of Gryphon shares close to 1 dollar before the announcement, an estimated value of 350 million dollars. Based on the latest financial statements, the aggregate capitalization post-merger should exceed 700 million dollars, making American Bitcoin one of the most capitalized crypto companies among those listed. The entry into the Stock Exchange of a mining giant led by a member of the Trump…
The post Eric Trump launches the challenge to crypto mining and Bitcoin appeared on BitcoinEthereumNews.com.
A merger worth over 350 million dollars is shaking the crypto mining world. The protagonist is Eric Trump, who is preparing to take his American Bitcoin Corp public thanks to the union with Gryphon Digital Mining Inc.. According to the latest official communications, this is one of the most significant operations ever seen in the U.S. sector. The project aims to redefine the balance of Bitcoin mining, with direct effects on both the Nasdaq and the entire cryptocurrency sector. Analysts speak of a “strategic shift” for the competitiveness of US companies, which could now attract a new wave of institutional capital. A new mining giant is born: American Bitcoin merges with Gryphon Digital Eric Trump, today at the operational helm of American Bitcoin, is accelerating the company’s expansion into the heart of the U.S. industry. The merger with Gryphon Digital will combine assets, technologies, and expertise to create an entity that, according to estimates, will control over 15% of the national hashrate. A result that would position the new company among the global leaders in the sector. The brand will retain the name American Bitcoin, with the official ticker ABTC on Nasdaq. The operation is expected to be completed by 2025, once it receives the green light from the SEC. Among the highlights of the agreement is the personal participation of Eric Trump, who will receive about 350 million shares of the new entity. With the average price of Gryphon shares close to 1 dollar before the announcement, an estimated value of 350 million dollars. Based on the latest financial statements, the aggregate capitalization post-merger should exceed 700 million dollars, making American Bitcoin one of the most capitalized crypto companies among those listed. The entry into the Stock Exchange of a mining giant led by a member of the Trump…
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