By Bloomberg News
American Bitcoin is one of the many corporate efforts bringing Bitcoin and other cryptocurrencies into the world of publicly traded companies. The company was spun up from a recently created unit at a Trump-advised investment bank. Hut 8 handed over its mining equipment to the fledgling company in exchange for an 80% stake. Now Hut 8 is planning to take American Bitcoin public by merging it with another public company, Gryphon Digital Mining Inc.