American Bitcoin, a Bitcoin mining firm, is reportedly preparing for its Nasdaq debut in September following a nearly completed merger with Gryphon Digital Mining. Asher Genoot, CEO of Hut 8, which owns an 80% stake in American Bitcoin, announced that American Bitcoin is set to join the public market. This company is backed by notable figures including Eric Trump and Donald Trump Jr., who are expected to hold 19% ownership. American Bitcoin aims to scale its operations, enhancing its position in the competitive Bitcoin mining sector. Currently, the firm holds 215 Bitcoins, valued at approximately $24 million. Hut 8's stock has increased by 29% so far this year, strengthening its market presence. The anticipated listing under the ticker symbol ABTC aligns with the rising interest and investment in the cryptocurrency space.

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