Gryphon Digital Mining Announces Merger with American Bitcoin

An update from Gryphon Digital Mining ( (GRYP) ) is now available.

On May 9, 2025, Gryphon Digital Mining announced a merger agreement with American Bitcoin Corp., aiming to create a leading Bitcoin mining company. The merger will result in Gryphon stockholders owning approximately 2% of the newly formed company, while American Bitcoin stockholders will own about 98%. The combined entity will operate under the American Bitcoin brand and is expected to trade on Nasdaq under the ticker ‘ABTC’. This strategic move is anticipated to enhance Gryphon’s market position and provide its stockholders with equity in a public vehicle focused on becoming a major player in the Bitcoin mining sector.

Spark’s Take on GRYP Stock

According to Spark, TipRanks’ AI Analyst, GRYP is a Neutral.

Gryphon Digital Mining’s stock is currently evaluated at 52, reflecting significant financial challenges and operational losses. Although the company is making strategic shifts towards power generation, the ongoing Nasdaq delisting threat and overbought market conditions suggest cautious optimism. The stock’s strong recent momentum is tempered by high volatility and substantial financial instability.

To see Spark’s full report on GRYP stock, click here.

More about Gryphon Digital Mining

Gryphon Digital Mining, Inc. is an innovative venture in the Bitcoin mining industry, focusing on creating a large-scale, efficient Bitcoin mining operation. The company is involved in Bitcoin accumulation and infrastructure development, aiming to establish a strong position in the evolving cryptocurrency market.

Average Trading Volume: 976,536

Technical Sentiment Signal: Sell

Current Market Cap: $36.06M

For an in-depth examination of GRYP stock, go to TipRanks’ Stock Analysis page.