Bitcoin News Today: American Bitcoin Rebrand Aims to Reshape U.S. Mining Landscape

Gryphon Digital Mining shareholders have approved the company’s merger with American Bitcoin , a move that includes the implementation of a 5-for-1 reverse stock split. The reverse split, set to become effective on September 2, 2025, at 5:00 PM ET, will reduce the number of outstanding shares from approximately 82.8 million to 16.6 million, while maintaining the company’s market capitalization. The purpose of the reverse split is to satisfy Nasdaq’s minimum bid price requirements, ensuring the firm’s continued compliance with listing standards [1].

Following the merger’s completion, the rebranded entity will operate under the ticker symbol “ABTC” on Nasdaq, and the company will function under the “American Bitcoin” brand. Shareholders will not receive cash for fractional shares; instead, the company will issue rounded-up whole shares, potentially offering slight additional value to investors. The reverse stock split will also apply to outstanding equity awards and warrants, with proportional adjustments to be made [1].

The transition is designed to be seamless for shareholders. Those holding shares through brokerage accounts will see their positions automatically adjusted, while registered stockholders will receive instructions from Continental Stock Transfer Trust Company. No action is required from shareholders to effect the change [1]. The merger is part of a broader trend in the Bitcoin mining industry, where consolidation is increasingly common as companies seek to achieve economies of scale and enhance operational efficiency. This strategic move positions the combined entity to better compete in a market where larger, more capitalized firms hold a distinct advantage [1].

American Bitcoin, a majority-owned subsidiary of Hut 8 Corp., brings industrial-scale Bitcoin mining capabilities to the merger. The combined entity will leverage Hut 8’s proven mining operations and infrastructure development expertise alongside the commercial acumen of Eric Trump, a key figure in American Bitcoin’s leadership. The rebranding to “American Bitcoin” signals a strategic emphasis on U.S.-based operations amid growing regulatory scrutiny of international mining activities [1].

The merger and reverse split have been structured to align with regulatory requirements and to minimize disruption for investors. Gryphon’s Board of Directors approved the 5-for-1 ratio of the reverse split on August 22, 2025, following prior shareholder approval of the split at a special meeting on May 24, 2025 [1]. This transaction marks a pivotal shift in the company’s identity and strategy, as it transitions from Gryphon Digital Mining to a more consolidated and operationally robust Bitcoin mining entity under the American Bitcoin brand [1].

Source: [1] Gryphon Digital Mining, Inc. (url1)