Trump-Linked Miner American Bitcoin Set for September Nasdaq Debut
American Bitcoin, the Bitcoin (BTC $108,506.60) mining company 20% owned by Donald Trump Jr. and Eric Trump, is targeting a Nasdaq listing in September, Hut 8 CEO Asher Genoot confirmed. Hut 8 holds the remaining 80% stake in the firm.
The company is finalizing a merger with Gryphon Digital Mining, which will pave the way for its public debut. Post-merger, existing shareholders are expected to retain roughly 98% ownership of the combined company, Reuters reported.
Founded in March, American Bitcoin has focused on growing its Bitcoin reserves through both mining and direct purchases. The involvement of the Trump family adds a high-profile political dimension to the firm.
The Nasdaq move comes shortly after Trump Media and Technology Group (DJT) announced plans to go public through a SPAC merger with Crypto.com.
American Bitcoin recently raised $220 million from accredited investors, along with $10 million in Bitcoin contributions, to expand its mining operations and strengthen its treasury ahead of the Nasdaq debut.
Speaking at the Bitcoin Asia conference in Hong Kong, Genoot noted that the company may also pursue international ventures to offer regulated exposure to Bitcoin-linked assets for investors outside the U.S.
The listing signals confidence that public markets remain interested in direct exposure to crypto miners, even as competition intensifies and energy costs fluctuate. A September debut would place American Bitcoin among a select group of miners attracting institutional investment through public markets.
For Hut 8, the listing enhances its position as a major North American miner, while giving the Trump family a stake in a company tied directly to Bitcoin’s growth.
Following the announcement, Hut 8 shares rose 0.6% to $26.50.
