Hut 8 Corp. has announced the completion of a merger involving its majority-owned subsidiary, American Bitcoin Corp. ("Historical ABTC"), and Gryphon Digital Mining, Inc. As part of the transaction, which was originally disclosed on May 9, 2025, Gryphon acquired Historical ABTC. With the closing of the deal on September 3, 2025, the capital stock of Historical ABTC was converted into newly issued stock, representing approximately 98% of Gryphon's outstanding stock. Subsequently, Gryphon was renamed "American Bitcoin Corp." The combined entity, now referred to as the "Combined Entity," sees Hut 8 Corp. indirectly holding a majority of its capital stock, including about 80% of the total voting power.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hut 8 Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-086738), on September 03, 2025, and is solely responsible for the information contained therein.