Trump sons-backed tungsten miner targets $2 billion US listing next year

The Hut 8-backed miner, supported by Eric Trump and Donald Trump Jr., is using a merger with Gryphon Digital Mining to reach Nasdaq A Bitcoin mining company tied to the Trump family is going public, and it is skipping the traditional IPO line to do it. American Bitcoin Corp. is majority-owned by Hut 8 and backed by Eric Trump and Donald Trump Jr. Its route is a merger with an existing listed miner, Gryphon Digital Mining. The merger with Gryphon was announced in May 2025. It is a stock-for-stock transaction, which means no cash changes hands.