The Trump family-linked mining company, American Bitcoin Corp., and Gryphon Digital Mining have submitted an amended S-4 form registration statement to the US SEC to advance their stock-for-stock merger transaction.

According to the agreement, Gryphon will acquire American Bitcoin through a stock swap. The merged company will operate under the "American Bitcoin" brand and will be led by the management and board of directors of American Bitcoin.

The merged company is expected to be listed on the Nasdaq under the ticker symbol "ABTC," with the transaction targeted to be completed as early as the third quarter of 2025.

American Bitcoin is a holding subsidiary of Hut 8, and its backers include Trump's son, Eric Trump. The company focuses on industrial-scale Bitcoin mining and strategic Bitcoin reserve development.