American Bitcoin to begin trading on Nasdaq today under the ticker ABTC

American Bitcoin, a mining firm backed by President Donald Trump's sons and launched by Hut 8 Corp. (HUT [https://seekingalpha.com/symbol/HUT]) (HUT:CA [https://seekingalpha.com/symbol/HUT:CA]) as its majority-owned subsidiary, is set to begin [https://seekingalpha.com/pr/20219213-american-bitcoin-debuts-on-nasdaq-as-abtc] trading on the Nasdaq today under the ticker symbol ABTC.

The company recently completed its stock-for-stock merger with Gryphon Digital Mining (GRYP [https://seekingalpha.com/symbol/GRYP]).

GRYP was +9.42% pre-market to $7.55, while HUT was +1.82% to $27.90.

"Today, American Bitcoin becomes a premier public vehicle for investors seeking scalable, singular exposure to the defining asset class of our time," said Eric Trump, co-founder of American Bitcoin.

"With the backing of the public markets, we believe American Bitcoin is now positioned to set the standard in Bitcoin accumulation," said Asher Genoot, executive chairman of American Bitcoin and CEO of Hut 8.

MORE ON GRYPHON DIGITAL, HUT 8

* Gryphon Digital confirms shareholders' nod for American Bitcoin deal, 5-for-1 reverse stock split [https://seekingalpha.com/news/4490533-gryphon-digital-confirms-shareholders-nod-for-american-bitcoin-deal-5-for-1-reverse-stock-split]
* Hut 8 plans 4 new sites with over 1.5GW total capacity [https://seekingalpha.com/news/4489100-hut-8-plans-4-new-sites-with-over-15gw-total-capacity]