American Bitcoin, a Bitcoin miner that’s partially owned by two of U.S. President Donald Trump’s sons, is inching closer to its public debut, targeting September for a listing on the Nasdaq, according to Asher Genoot, CEO of Bitcoin miner Hut 8.

American Bitcoin’s merger with Gryphon Digital Mining is nearly completed, he told Reuters. Hut 8 owns 80% of American Bitcoin, while Eric Trump and his brother Donald Trump Jr. are expected to own 19% of the company that was unveiled in March.

The firm is striving to become one of the country’s largest Bitcoin miners, scaling up operations as the president pushes forward with his crypto-friendly regime. The stock is expected to trade under the ticker symbol ABTC.

Go to Source to See Full Article
Author: André Beganski