Gryphon stockholder voting begins for merger with American Bitcoin

MIAMI/LAS VEGAS - Gryphon Digital Mining, Inc. (NASDAQ:GRYP), currently trading at $1.21 with a market capitalization of $87.4 million, announced Wednesday that stockholder voting has commenced for its proposed merger with American Bitcoin Corp., with the special meeting scheduled for August 27, 2025. The stock has shown remarkable momentum, surging 302% over the past six months, though InvestingPro analysis indicates the stock is trading above its Fair Value.

The stock-for-stock transaction, expected to close in early September subject to stockholder approval and other closing conditions, would result in the combined company operating under the American Bitcoin brand and trading on Nasdaq under the ticker symbol "ABTC." With Gryphon’s current revenue of $14.6 million in the last twelve months and a weak financial health score according to InvestingPro’s comprehensive analysis, this merger could be transformative for both companies.

Gryphon stockholders who owned shares as of July 25, 2025, are eligible to vote on the transaction ahead of the virtual special meeting. The company’s board of directors unanimously recommends stockholders vote in favor of all proposals.

Upon completion, the merged entity would be led by American Bitcoin’s management team and board of directors. American Bitcoin is a Bitcoin mining platform focused on building infrastructure, while Gryphon operates in the Bitcoin mining space.

The definitive proxy statement for the transaction was filed with the SEC on July 31 and mailed to stockholders around August 1. Gryphon has engaged Okapi Partners as its proxy solicitor to assist stockholders with voting questions.

American Bitcoin is a majority-owned subsidiary of Hut 8 Corp., combining Hut 8’s mining operations with Eric Trump’s commercial expertise, according to the company’s press release statement.

The announcement contains forward-looking statements subject to various risks and uncertainties that could affect the completion of the transaction and its anticipated benefits. For deeper insights into Gryphon’s financial health and future prospects, investors can access detailed analysis and 13 additional ProTips through InvestingPro’s comprehensive research report.

In other recent news, American Bitcoin Corp. and Gryphon Digital Mining, Inc. have filed an amended registration statement with the SEC for their planned stock-for-stock merger. This merger will result in the new entity operating under the American Bitcoin brand and trading on Nasdaq with the ticker symbol "ABTC." The merger is structured as an all-stock transaction, with Gryphon acquiring American Bitcoin. Upon completion, the co-founder Eric Trump, his brother Donald Trump Jr., and the crypto miner Hut 8 will hold 98% ownership of the new entity. This development marks the Trump family’s continued involvement in the cryptocurrency sector. The merger is expected to be finalized as early as the third quarter of 2025. The announcement follows American Bitcoin’s strategy to expand its presence in the crypto market.

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