Trump-Linked Miner American Bitcoin Targets September Nasdaq Debut

American Bitcoin, the Bitcoin (BTC $108,506.60) mining company 20% owned by Donald Trump Jr. and Eric Trump, plans to list on the Nasdaq in September, Hut 8 CEO Asher Genoot confirmed. Hut 8 holds the remaining 80% stake in the firm.

The company is finalizing a merger with Gryphon Digital Mining, clearing the path for its public debut, according to Reuters. Once the merger closes, current shareholders are expected to retain roughly 98% ownership of the combined entity.

Launched in March, American Bitcoin has pursued a strategy of accumulating Bitcoin both through mining operations and direct purchases for its balance sheet. The involvement of the Trump sons links the company to one of the most high-profile political families in the United States.

The announcement follows a similar move by another Trump-linked firm, Trump Media and Technology Group (DJT), which recently said it plans a joint venture with Crypto.com and a SPAC combination to go public.

American Bitcoin recently raised $220 million from accredited investors, along with $10 million in Bitcoin contributed in lieu of cash. The capital will support infrastructure expansion and strengthen the company’s treasury ahead of its Nasdaq debut.

Speaking at the Bitcoin Asia conference in Hong Kong, Genoot indicated the company may also invest in ventures outside the U.S. to offer regulated exposure to Bitcoin-linked assets for international investors who cannot directly buy Nasdaq-listed stocks.

The planned listing underscores American Bitcoin’s bet that public markets remain eager for direct exposure to crypto miners, even amid growing competition and fluctuating energy costs. A September Nasdaq debut would position the firm among a small cohort of miners attracting institutional investment through public listings.

For Toronto-based Hut 8, the move strengthens its presence in North American mining, while providing the Trump family with a foothold in the expanding Bitcoin ecosystem.

Hut 8 shares were trading 0.6% higher at $26.50 following the announcement.