US stock futures inch lower after Wall St marks fresh records on tech gains
Investing.com -- American Bitcoin Corp. (NASDAQ:ABTC) stock surged 40% during its trading debut on the Nasdaq exchange under the ticker symbol "ABTC" following the completion of its stock-for-stock merger with Gryphon Digital Mining, Inc.
The Miami-based company positions itself as a Bitcoin accumulation platform focused on building America’s Bitcoin infrastructure. American Bitcoin employs a dual accumulation strategy that combines self-mining operations with opportunistic Bitcoin purchases, allowing it to respond to market conditions while maximizing return on invested capital.
"Today, American Bitcoin becomes a premier public vehicle for investors seeking scalable, singular exposure to the defining asset class of our time," said Eric Trump, Co-founder and Chief Strategy Officer of American Bitcoin. "Our Nasdaq debut marks a historic milestone in bringing Bitcoin into the core of U.S. capital markets and advancing our mission to make America the undisputed leader of the global Bitcoin economy."
The company was launched in 2025 as a majority-owned subsidiary of Hut 8 Corp. (NASDAQ:HUT) (TSX:HUT). Through this relationship, American Bitcoin leverages Hut 8’s colocation infrastructure platform to mine Bitcoin without committing significant capital to build and operate proprietary data centers.
Asher Genoot, Executive Chairman of American Bitcoin and CEO of Hut 8, stated that the company is "positioned to set the standard in Bitcoin accumulation" with its public market backing. The company aims to maximize Bitcoin per share through its accumulation strategies while benefiting from shared services designed to deliver SG&A efficiency.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.