American Bitcoin, Hut 8’s majority-owned unit backed by the Trump family, will go public via a merger with Gryphon Digital Mining (GRYP). Shares of Hut 8 Corp. (HUT) jumped 12% in pre-market trading, while Gryphon Digital Mining (GRYP) soared more than 200%, following the news.

American Bitcoin, a crypto mining firm launched by Eric Trump, has plans to merge with a listed crypto company.

American Bitcoin, a Hut 8 subsidiary which is linked to the Trump family by way of Cofounder Eric Trump, is gunning to go public.