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The American Bitcoin debut is edging closer to reality, as Hut 8 Mining teams up with Eric Trump and Donald Trump Jr. to launch a new crypto venture that could reshape U.S. digital asset markets.
Formed in March 2025 and backed by one of North America’s largest Bitcoin miners, the venture gives Hut 8 an 80% controlling stake while the Trump brothers collectively hold 18% — a partnership that blends political influence with mining power in a bold push to put “American Bitcoin” on the global stage.
Hut 8 CEO Asher Genoot confirmed in an interview with Reuters that the company is now preparing for its Nasdaq listing under the ticker symbol ABTC. The listing would mark a significant step in the evolution of U.S.-based Bitcoin mining companies, particularly as global competition for mining efficiency intensifies.
“American Bitcoin is designed to be more than just a miner,” Genoot said. “We are building it as a treasury vehicle and an international operator that can adapt as the market shifts.”
Instead of pursuing a traditional IPO, American Bitcoin is opting for an all-stock merger with Gryphon Digital Mining, a smaller U.S.-based firm. The move accelerates the American Bitcoin debut by bypassing lengthy regulatory reviews tied to initial public offerings.
“Instead of going public directly via IPO, we thought that there were a lot more advantages to financing if we had an existing company that already had access to different financing too,” — Asher Genoot, CEO, Hut 8.
Under the merger terms, American Bitcoin shareholders will control 98% of the combined company, leaving Gryphon’s investors with just 2%. Analysts say the deal provides American Bitcoin with not only speed but also access to financing options that Gryphon had already established.
By merging rather than listing independently, the company is signaling both urgency and ambition as it positions itself for scale in a highly competitive market.
Unlike traditional miners, American Bitcoin is framing itself as a dual-purpose enterprise: both a producer of newly mined Bitcoin and a holder of reserves. The company has already accumulated 1,941 BTC worth approximately $214 million as of late August according to data from Bitcointreasuries.
Genoot explained the company’s hybrid approach: “Instead of just a treasury strategy where companies raise money to buy bitcoin or just a mining company, we ebb and flow between which one is the best return at different times.”
This model, blending production with strategic accumulation, reflects a growing trend among mining companies that are seeking to hedge against Bitcoin’s price cycles by diversifying their revenue sources. For investors watching the American Bitcoin debut, the hybrid strategy could be a key differentiator in an increasingly crowded field.
Beyond its Nasdaq entry, American Bitcoin is already laying the groundwork for international expansion. Genoot confirmed that the firm is actively exploring opportunities in Japan and Hong Kong which are two markets with growing institutional interest in Bitcoin.
Domestically, the company will continue leveraging Hut 8’s existing infrastructure, including data centers in North America. By leasing facilities rather than building new ones from scratch, American Bitcoin is able to scale operations more efficiently while avoiding significant upfront capital costs.
Industry observers note that this approach gives the company a head start compared to rivals who must invest heavily in new infrastructure.
“American Bitcoin’s ability to plug into Hut 8’s established operations immediately gives it a structural advantage,” said Christopher Brendler, analyst at D.A. Davidson, in a note to clients.
The upcoming American Bitcoin debut is drawing attention not only because of its scale but also due to its political ties. With Eric Trump and Donald Trump Jr. owning a significant stake, the company stands apart in an industry often dominated by anonymous backers and institutional investors.
For crypto investors, the listing represents both an opportunity and a test. On one hand, the dual mining-and-treasury model may provide resilience in volatile markets. On the other, the heavy branding around the American Bitcoin debut could expose the company to political and regulatory scrutiny.
Still, industry experts suggest the move signals growing maturity in the sector.
“Bitcoin miners are evolving from niche operators into diversified businesses with treasury functions and international ambitions,” — Alex de Vries, founder of Digiconomist.
With its Nasdaq listing expected soon, the American Bitcoin debut will be closely watched as a potential bellwether for the future of publicly traded Bitcoin miners.
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