Trump-backed American Bitcoin don join with Gryphon to enter public market, dem wan lead U.S. mining even with all de wahala of regulation and industry.

American Bitcoin, wey Eric Trump and Donald Trump Jr dey back, don announce say dem go join with Nasdaq-listed Gryphon Digital Mining. Dis go form one new company, American Bitcoin, wey go dey trade as ABTC. Dem say dis merger go make dem one of di leading US-based bitcoin mining and digital currency reserve platform. American Bitcoin go use di Trump family name to draw investors and dem go use cheap light for places like Texas and Wyoming ($0.08/kWh) to make sure dem still dey make money after bitcoin halving, wey reward don turn to 3.125 BTC per block now. Dem expect di merger to finish by Q3 2025, and American Bitcoin shareholders, wey include Hut 8 and di Trump brothers, go get 98% of di new company. Gryphon go bring sustainable mining ways, mostly using hydroelectric power, wey go make di company look better for environment. Dis move dey come as Trump administration don show say dem like crypto, promise to make regulations and permits easy, wey fit help US-based miners. But, di plan to put 36% tax on Asian mining equipment fit make operation cost high. Even as Hut 8 see 58% drop for revenue and $134 million loss for Q1 2025, di announcement make market react well—Gryphon shares jump over 280%, Hut 8 own rise 11%, and investors get hope for big companies to invest in Trump-backed public mining firm. Success go depend on how bitcoin price stable, good energy management, and how dem manage new regulations. Overall, di merger dey position American Bitcoin as a big US bitcoin mining company, but how long dem go dey profitable go depend on managing economic and policy wahala.