Gryphon Digital Mining (GRYP) Enters Into a Definitive Merger Agreement With American Bitcoin Corp.

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On May 9, Gryphon Digital Mining, Inc. (NASDAQ:GRYP) entered into a definitive merger agreement with American Bitcoin Corp. to form a combined company that would operate under the brand American Bitcoin and be led by the board of directors of American Bitcoin.

The transaction is expected to close as early as Q3 2025, and management anticipates the combined company to trade on NASDAQ under the ticker symbol “ABTC.” The merger is expected to bolster their market positioning in the digital asset mining sector.

In other news, Gryphon Digital Mining, Inc. (NASDAQ:GRYP) regained compliance with NASDAQ listing requirements as of June 6, ensuring its presence on the Nasdaq Capital Market, a critical factor for maintaining market stability and investor confidence.

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) is a bitcoin mining company that offers carbon-neutral bitcoin mining and digital mining operations.

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Disclosure: None. This article is originally published at Insider Monkey.