Trump-Linked Bitcoin Miner American Bitcoin Plans September Nasdaq Debut

Trump-Backed American Bitcoin Prepares Nasdaq Listing in September

American Bitcoin, the Bitcoin (BTC $108,506.60) mining company partially owned by Donald Trump Jr. and Eric Trump, is targeting a Nasdaq debut in September, according to Hut 8 CEO Asher Genoot. Hut 8 holds an 80% stake in the firm.

The company is finalizing a merger with Gryphon Digital Mining, which will pave the way for its public listing. Following the merger, existing shareholders are expected to retain around 98% ownership of the combined entity, Reuters reported.

Since its launch in March, American Bitcoin has focused on building Bitcoin reserves through both mining and direct purchases. The Trump brothers’ involvement adds a high-profile political connection to the firm.

The announcement follows a similar public move by another Trump-linked company, Trump Media and Technology Group (DJT), which recently revealed plans to go public via a SPAC combination with Crypto.com.

American Bitcoin has raised $220 million from accredited investors, supplemented with $10 million in Bitcoin contributions. The capital is earmarked for expanding mining infrastructure and strengthening the company’s treasury ahead of its public debut.

Speaking at the Bitcoin Asia conference in Hong Kong, Genoot said American Bitcoin may also invest in international ventures to give investors outside the U.S. regulated exposure to Bitcoin-linked assets.

The Nasdaq listing reflects the firm’s confidence that public markets remain interested in direct exposure to crypto miners, despite rising competition and fluctuating energy costs. The September debut would place American Bitcoin among a select group of miners seeking public market capital and institutional participation.

For Hut 8, the listing reinforces its position as a major North American Bitcoin miner, while the Trump family gains a strategic stake in a company tied directly to the growing Bitcoin ecosystem.

Following the announcement, Hut 8 shares rose 0.6% to $26.50.