Today's Edition
The New York Times News Service
American Bitcoin, a cryptocurrency firm co-founded by Eric Trump, announced Monday that it would become publicly traded, the latest expansion of the Trump family’s investments across the crypto industry.
The company, which focuses on bitcoin mining, is set to merge with Gryphon Digital Mining Inc., a firm that is already traded on the Nasdaq. Trump, the president’s middle son, is listed as one of the founders and a member of the company’s management team.
American Bitcoin was started in late March, when Trump and his older brother, Donald Trump Jr., announced that they were joining forces with a bitcoin mining firm called Hut 8. Bitcoin mining is a vital branch of the crypto industry, in which major companies, many of them publicly traded, run energy-guzzling data centres to process bitcoin transactions.
