Gryphon Digital Mining (GRYP) has experienced a significant surge in its stock value, driven by the impending merger with American Bitcoin. Recent reports indicate the merger is set to finalize in early September, leading to considerable market activity.

Stock Performance and Market Reaction

On August 28, 2025, Gryphon Digital Mining's shares demonstrated notable upward movement. In pre-market trading, the stock jumped 11% following reports that the all-stock merger with American Bitcoin is nearing completion. The market has reacted positively to the news, with investors anticipating the potential benefits of the merger. The stock's performance reflects growing confidence in the strategic move and its potential to enhance Gryphon's position in the Bitcoin mining industry. As of today, Gryphon Digital Mining shares are trading at $1.66. Over the past year, the share price has moved by +72.74%.

Merger Details and Future Operations

The merger between Gryphon Digital Mining and American Bitcoin is structured as an all-stock transaction. Following the merger, the combined entity will operate under the name American Bitcoin and trade on the Nasdaq under the ticker symbol ABTC. Hut 8, along with American Bitcoin co-founders Eric Trump and Donald Trump Jr., will collectively own approximately 98% of the new entity. Gemini co-founders Tyler and Cameron Winklevoss are also among the anchor investors in the transaction. Asher Genoot, CEO of Hut 8, has indicated that the investor group has been finalized. The decision to pursue a merger instead of an initial public offering (IPO) was driven by the perceived advantages of accessing existing financing relationships. Genoot stated that having an existing company with established access to financing provides more benefits.

Strategic Objectives and Global Expansion

American Bitcoin aims to become the "world's largest, most efficient pure-play bitcoin miner". The company plans to achieve this by combining mining operations with direct treasury purchases of Bitcoin. In line with its expansion strategy, American Bitcoin is also considering acquisitions in Hong Kong and Japan. The company is exploring opportunities to acquire crypto assets and potentially take stakes in companies outside the U.S., providing investors with access to publicly listed Bitcoin assets.

Company Overview

Gryphon Digital Mining, Inc. operates as a Bitcoin mining company in the United States. The company focuses on carbon-neutral Bitcoin mining and digital asset mining operations. Gryphon's management team includes Jessica Billingsley (CHM), Ray Thompson (PRE), John Fowle (CFO), David McCullough (CTO), and others. Gryphon Digital Mining is listed on the NASDAQ stock exchange under the ticker symbol GRYP. As of the previous close, Gryphon Digital Mining has a market capitalization of $105.99 million.

Financial Performance

Gryphon Digital Mining's next earnings report is scheduled for November 13, 2025. For the last quarter, GRYP reported a net income of -$5.26 million, compared to -$6.28 million in the previous quarter, representing a 16.29% change. The company does not currently pay dividends to its shareholders. The analyst consensus target price for shares in Gryphon Digital Mining is $16.00, which is 1150% above the last closing price of $1.28. Analysts covering Gryphon Digital Mining currently have a consensus Earnings Per Share (EPS) forecast of -$0.45 for the next financial year.