ABTC price

🌊 Surge Registration Highlights 🌊 Day 3, Trading Leaderboard Top 5 🏆 1️⃣ $LEO 🥇 2️⃣ $KIKI 🥈 3️⃣ $WELSH 🥉 4️⃣ $STX - $sBTC 5️⃣ $aBTC - $sBTC The board remains dynamic but the trend over the past day has been @LeoCoinSTX @Stacks_RichCat and @Welsh_Community in top 3, although @wrappednothing is starting to rise up the table 👀 See the board 👉 What to do now 👇 🔸 Register your pools to climb the Trading Leaderboard 📈 🔸 Trade to drive fees and boost your rank 🪙 🔸 Donate Voter Rewards to attract voters 💰 📅 Registration stage runs through May 29 Ride the Surge 🌊

🌊 Surge 4 Trading Leaderboard Update 🌊 Very early in Surge 4 but interesting watching how the Trading Leaderboard evolves. 👇 🐱 So far @LeoCoinSTX has a commanding lead not only in pool fees but Voter Rewards as well! 🗳️ 😺 Speaking of cats @Stacks_RichCat with a fast rush up to 2nd place in fees! This pool has surprised us in past Surge rounds so keep an eye on it. 👀 🐶 And of course, @Welsh_Community close behind and firmly in the top three, a community that's proven its capable of anything! 💪 And two sBTC pools in #4 and #5, STX - sBTC and aBTC - sBTC, which is no surprise considering how central $sBTC is to the @Stacks ecosystem. See the full board 🔗 Let's see what this weekend brings! Remember to: 🔸 Register your pools to climb the Trading Leaderboard 📈 🔸 Trade to drive fees and boost your rank 🪙 🔸 Donate Voter Rewards to attract voters 💰 The Surge is on! 🏄

🌊 Surge Registration Highlights 🌊 Day 1, Trading Leaderboard Top 5 🏆 1️⃣ $LEO 🥇 2️⃣ $WELSH 🥈 3️⃣ $STX - $sBTC 🥉 4️⃣ $aBTC - $sBTC 5️⃣ $MIA Just over 12 hours in with +50 pools registered ⏳ The board is dynamic and shifts faster than we can post! 😆 See the board 👉 What to do 👇 🔸 Register your pools quickly to climb the Trading Leaderboard fast 📈 🔸 Trade to drive fees and boost your rank 🪙 🔸 Donate Voter Rewards to attract voters 💰 📅 Registration stage runs through May 29 Surge 4 is Live, Let's Go! 🌊

Words: Joe, BlockTempo U.S.-listed bitcoin mining company Hut 8 (HUT) announced on May 12 that its holding subsidiary, American Bitcoin Corp., has signed a definitive merger agreement with NASDAQ-listed Gryphon Digital Mining (GRYP). Under the terms of the agreement, American Bitcoin will achieve a public listing through a merger transaction with Gryphon Digital Mining, which is expected to close in the third quarter of 2025. Post-Merger Related Matters Upon completion of the transaction, the combined company will operate under the American Bitcoin brand, with a board of directors that includes Mike Ho (Executive Chairman), Asher Genoot (CEO of Hut 8), Justin Mateen (Co-Founder of Tinder) and Michael Broukhim (Co-Founder of FabFitFun). The management team consists of Mike Ho, Matt Prusak (CEO) and Eric Trump (Chief Strategy Officer). The combined company is expected to trade on NASDAQ under the ticker symbol ABTC. Hut 8 further noted that the company will continue to be the exclusive infrastructure and operational partner of American Bitcoin, providing it with mining equipment and data center support through a series of long-term commercial agreements. At the same time, American Bitcoin's existing shareholders will hold approximately 98% of the combined company. In response, Asher Geneot, CEO of Hut 8, commented: "By making American Bitcoin publicly public, we expect to unlock dedicated growth funds independent of Hut 8's balance sheet, while preserving long-term Bitcoin upside potential for our shareholders. The move will also accelerate the expansion of American Bitcoin and strengthen its leadership position in the U.S. Bitcoin infrastructure." What is American Bitcoin? American Bitcoin is a U.S.-based Bitcoin mining and reserve company founded in March 2025 by Hut 8 in conjunction with American Data Centers. Hut 8 offers about 61,000 ASIC miners and holds an 80% stake, while American Data Centers holds the remaining 20%. Notably, American Bitcoin has close ties to the Trump family. American Data Centers was founded in February 2025 by investors including Eric Trump and Donald Trump Jr., who own 20% of American Bitcoin through the company. Eric Trump is not only the co-founder of American Bitcoin, but also serves as the Chief Strategy Officer, responsible for setting the company's strategy and driving the public listing plan. Gryphon Digital Mining is a smaller-scale Bitcoin mining company focused on sustainable mining technology. The merger is considered a backdoor listing, and Gryphon provides American Bitcoin with a fast path to the capital markets as a publicly listed legal entity. Gryphon Digital Mining shares soared Gryphon Digital Mining's share price surged about 280% in pre-market trading on May 12 on the news of the merger, and GRYP has risen to $1.42 from $0.52 on May 9 at the time of writing, up as much as 330% in the last five days.

Original title: "Trump's son Bitcoin mining company American Bitcoin backdoor listing, Gryphon Mining's stock price soared 330%" Original author: Joe, BlockTempo U.S.-listed bitcoin mining company Hut 8 (HUT) announced on May 12 that its holding subsidiary, American Bitcoin Corp., has signed a definitive merger agreement with NASDAQ-listed Gryphon Digital Mining (GRYP). Under the terms of the agreement, American Bitcoin will achieve a public listing through a merger transaction with Gryphon Digital Mining, which is expected to close in the third quarter of 2025. Post-Merger Related Matters Upon completion of the transaction, the combined company will operate under the American Bitcoin brand, with a board of directors that includes Mike Ho (Executive Chairman), Asher Genoot (CEO of Hut 8), Justin Mateen (Co-Founder of Tinder) and Michael Broukhim (Co-Founder of FabFitFun). The management team consists of Mike Ho, Matt Prusak (CEO) and Eric Trump (Chief Strategy Officer). The combined company is expected to trade on NASDAQ under the ticker symbol ABTC. Hut 8 further noted that the company will continue to be the exclusive infrastructure and operational partner of American Bitcoin, providing it with mining equipment and data center support through a series of long-term commercial agreements. At the same time, American Bitcoin's existing shareholders will hold approximately 98% of the combined company. In response, Asher Geneot, CEO of Hut 8, commented: "By making American Bitcoin publicly public, we expect to unlock dedicated growth funds independent of Hut 8's balance sheet, while preserving long-term Bitcoin upside potential for our shareholders. The move will also accelerate the expansion of American Bitcoin and strengthen its leadership position in the U.S. Bitcoin infrastructure." What is American Bitcoin? American Bitcoin is a U.S.-based Bitcoin mining and reserve company founded in March 2025 by Hut 8 in conjunction with American Data Centers. Hut 8 offers about 61,000 ASIC miners and holds an 80% stake, while American Data Centers holds the remaining 20%. Notably, American Bitcoin has close ties to the Trump family. American Data Centers was founded in February 2025 by investors including Eric Trump and Donald Trump Jr., who own 20% of American Bitcoin through the company. Eric Trump is not only the co-founder of American Bitcoin, but also serves as the Chief Strategy Officer, responsible for setting the company's strategy and driving the public listing plan. Gryphon Digital Mining is a smaller-scale Bitcoin mining company focused on sustainable mining technology. The merger is considered a backdoor listing, and Gryphon provides American Bitcoin with a fast path to the capital markets as a publicly listed legal entity. Gryphon Digital Mining shares soared Gryphon Digital Mining's share price surged about 280% in pre-market trading on May 12 on the news of the merger, and GRYP has risen to $1.42 from $0.52 on May 9 at the time of writing, up as much as 330% in the last five days. Link to original article