TechFlow news, July 31 — According to Bloomberg, American Bitcoin Corp., a bitcoin mining company co-founded in March by Eric Trump, son of former U.S. President Trump, plans to merge with Gryphon Digital Mining, a Nasdaq-listed company. Securities filings submitted on July 30 show that Eric Trump’s shares will convert into approximately 367 million new shares of Gryphon. Based on Gryphon’s current share price of about $1, his stake would be valued at around $367 million. The merged entity will be renamed American Bitcoin and is expected to complete its listing by the end of September this year.
Navigating Web3 tides with focused insights
Contribute An Article
Media Requests
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号




