Hut 8 subsidiary American Bitcoin and Gryphon merger transaction enters shareholder voting phase

ChainCatcher news, according to GlobeNewswire, Hut 8 today announced that its subsidiary American Bitcoin has entered the shareholder voting phase for the stock-for-stock merger transaction with Gryphon Digital Mining.

Gryphon will hold a special shareholder meeting on August 27, where registered shareholders as of July 25 will vote. The transaction is expected to be completed in early September 2025, and the merged company will operate under the American Bitcoin brand and be listed on the Nasdaq stock exchange with the ticker symbol "ABTC".

The Gryphon board of directors has unanimously recommended that shareholders vote in favor of this transaction.