24/7 Market News Snapshot 01 July, 2025 – Gryphon Digital Mining, Inc Common Stock (NASDAQ:GRYP)

July 1, 2025

DENVER, Colo., 01 July, 2025 (www.247marketnews.com) – (NASDAQ:GRYP) are discussed in this article.
Gryphon Digital Mining, Inc. has made headlines with a striking surge in stock performance and the announcement of a significant merger with American Bitcoin Corp. Today, Gryphon opened at $0.888 and rapidly climbed to $1.455, reflecting an impressive 65.1% increase driven by a trading volume of 8.51 million shares. This momentum underscores enhanced investor confidence in Gryphon’s strategic initiatives within the cryptocurrency mining sector.

In a transformative move, American Bitcoin Corp., known for its focus on Bitcoin accumulation and infrastructure enhancement, has revealed a stock-for-stock merger with Gryphon. The two organizations have prepared an amended registration statement filed with the U.S. Securities and Exchange Commission, outlining the merger that aims to consolidate their strengths in the Bitcoin mining landscape. Under the new arrangement, the merged entity will operate as American Bitcoin, under the guidance of its existing management and board of directors post-merger closure.

Anticipated to finalize in the third quarter of 2025, the combined companies will trade under the Nasdaq ticker symbol “ABTC.” This combination is expected to generate significant synergies, enhancing operational efficiency and fostering innovation within the rapidly evolving Bitcoin ecosystem. American Bitcoin will benefit from the substantial capabilities of its majority owner, Hut 8, as well as contributions from industry leaders, further positioning it for accelerated growth.

As the amended registration statement is processed, it promises to deliver critical insights into the merger transaction. Stakeholders are advised to stay updated as American Bitcoin and Gryphon work towards finalizing details of this substantial collaboration, which holds the potential to redefine dynamics within the digital asset sector and create new avenues for value generation in Bitcoin mining.

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