key takeaways
- The American Bitcoin Corporation supported by the Trump family is determined for a natural listing through merger with graphon digital mining.
- The shareholder vote on the merger is scheduled for August 27, which is after the secretary clearing.
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A bitcoin mining firm supported by the American Bitcoin Corporation (ABC), Trump family and Hut 8 is a step to go publicly. NASDAQ-Listed Gryphon Digital Mining has set a shareholder vote on its proposed stock merger with ABC for secords show 27 August.
The approval of SEC Form S -4 registration details has been provided required regulatory clearer for transaction. The latest devil was reported by him for the first time.
The merger of deliberately appearing in May, operates the new unit under the American bitcoin brand and trading on Nasdac under the tick ‘ABTC’. Through Mot, American bitcoin targets increased the capacity for low -cost bitcoin accumulation and growth of infrastructure in the US.
The company currently controls about 10.17 EH/s of bitcoin hasht, with a kasback for the process with a weightened average fleet efficiency of 21.2 J/V on 30 May. Its purpose is to reach a capacity of 25 EH/hash, including the option of acquiring 15 EH/s for Bitman’s 15 EH/s host.
Post-Major, American bitcoin stockholders will owe about 98%, maintain majority stake with Hut 8 and will continue as exclusive infrastructure and operation partners.
American Bitcoin has a price of 215 BTC around $ 24 million, united for a June discount.
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