Trump-backed Bitcoin mining firm to go public on Nasdaq next month
John: Hey there, folks! I’m John, a veteran writer for our crypto blog, where we break down the wild world of Web3, virtual currencies, and blockchain in simple terms. Today, we’re diving into the buzz around American Bitcoin, a mining firm backed by the Trump family, that’s gearing up for a Nasdaq listing in September 2025—let’s unpack what this means for the crypto space.
Lila: Hi everyone, I’m Lila, John’s curious assistant always eager to learn more about crypto. John, what’s the big deal with Bitcoin mining, and why is a company like this going public now?
The Basics of Bitcoin Mining
John: Great question, Lila. Bitcoin mining is essentially the process of using powerful computers to solve complex puzzles that validate transactions on the Bitcoin network. In return, miners earn new bitcoins as rewards—think of it like digital gold mining, but with electricity and tech instead of pickaxes.
Lila: That sounds energy-intensive! How does a company like American Bitcoin fit into this?
John: Exactly, it can be a power-hungry business, which is why firms like this focus on efficient operations. American Bitcoin is a new player aiming to mine Bitcoin at scale, and going public means they’ll raise funds from investors to expand. (And hey, if mining were easy, we’d all be doing it from our basements!)
Background on American Bitcoin
Lila: Okay, tell me about the origins. When did this all start?
John: Back on 2025-03-31, Hut 8, a major North American crypto mining company, teamed up with Eric Trump and Donald Trump Jr. to launch American Bitcoin. Hut 8 owns 80% of the firm, while the Trump brothers hold the remaining 20%. This partnership was announced amid a wave of crypto interest, including pardons from President Trump to some industry figures.
Lila: Pardons? That adds a political twist!
John: It does—on the same day, news broke about pardons for BitMEX co-founders, showing how politics and crypto are intersecting. In the past, Hut 8 has been a powerhouse in mining, and this venture positions American Bitcoin as a “proxy” for Bitcoin itself, according to Eric Trump in an April 2025 interview.
The Merger and Nasdaq Listing
Lila: So, what’s happening with the Nasdaq debut?
John: As of now, on 2025-08-29, American Bitcoin is finalizing an all-stock merger with Gryphon Digital Mining, paving the way for a Nasdaq listing in September 2025 under the ticker ABTC. This was first detailed in reports from CoinDesk and Reuters on 2025-08-28, with the merger nearing completion.
Lila: All-stock merger? Break that down for me.
John: It means the deal is done by exchanging shares, no cash involved—like trading baseball cards to build a better collection. Looking ahead, this listing could happen as early as mid-September 2025, boosting the firm’s visibility and capital. (Fingers crossed it doesn’t hit any regulatory speed bumps!)
Key Players Involved
Lila: Who else is in on this besides the Trumps and Hut 8?
John: Hut 8’s CEO, Asher Genoot, has been vocal about the progress, noting in recent updates that the merged entity will be 98% controlled by Hut 8 and the Trump family. Anchor investors include the Gemini co-founders, adding institutional credibility.
Lila: Gemini? Like the Winklevoss twins?
John: Yep, Tyler and Cameron Winklevoss, known for their early Bitcoin bets. This lineup shows strong backing, with the Trump brothers positioning it as a way to support U.S.-based mining amid global competition.
Current Landscape of Crypto Mining
Lila: How does this fit into the bigger picture of mining today?
John: Right now, Bitcoin mining is booming in the U.S., especially after China’s 2021 crackdown shifted operations here. American Bitcoin aims to capitalize on that, with Hut 8’s infrastructure providing a solid foundation. As of 2025-08-29, Gryphon’s stock has surged 231% in anticipation of the merger, per AInvest reports.
Lila: That’s a huge jump! What drives that?
John: Investor excitement over crypto’s growth and the Trump connection. In the past year, mining firms have faced volatility from Bitcoin halving events, like the one in April 2024 that cut rewards in half, but companies are adapting with better tech.
Risks and Safeguards
Lila: Are there downsides to getting involved in something like this?
John: Absolutely, Lila—crypto mining is risky due to energy costs, regulatory changes, and Bitcoin price swings. For instance, environmental concerns have led to scrutiny, and firms must comply with SEC rules for public listings.
Lila: How do they protect against that?
John: Safeguards include diversifying energy sources, like using renewables, and strong governance. Remember, this isn’t financial advice, but staying informed via trusted sources helps. Here’s a quick list of risks to watch:
- Market volatility: Bitcoin prices can drop, affecting mining profitability.
- Regulatory hurdles: Changes in U.S. laws could impact operations.
- Energy demands: High costs if not managed efficiently.
- Competition: From global players like those in Kazakhstan or Texas-based firms.
Looking Ahead and FAQs
Lila: What’s next for American Bitcoin, and maybe some quick FAQs?
John: Looking ahead to September 2025 and beyond, this listing could attract more investors to U.S. mining, potentially strengthening domestic crypto infrastructure. It might also signal growing mainstream acceptance. As for FAQs: What’s the ticker? ABTC. When was it founded? 2025-03-31. Is it only about mining? Primarily, but it ties into broader crypto plays.
Lila: One more—how can beginners follow this?
John: Track updates on Nasdaq or sites like CoinDesk. (And if you’re new, start small—crypto’s like a rollercoaster, thrilling but hold on tight!)
John: Wrapping this up, it’s exciting to see high-profile entries like American Bitcoin pushing crypto forward, blending business, politics, and tech. As always, do your homework and stay curious— the blockchain world keeps evolving. Thanks for joining us!
Lila: Totally agree, John—this shows crypto’s not just for techies anymore. My takeaway: Keep an eye on September 2025 for ABTC; it could be a game-changer!
This article was created using the original article below and verified real-time sources:
- Trump-backed Bitcoin mining firm to go public on Nasdaq next month
- Trump-Backed Bitcoin Miner American Bitcoin Targets September Nasdaq Debut
- Hut 8, Eric Trump to launch bitcoin mining company
- Trump family-backed American Bitcoin expects Nasdaq debut in September