American Bitcoin / Gryphon merger agreement signed
Company: Hut 8
The claim, verbatim
Hut 8's majority-owned subsidiary American Bitcoin has entered into a definitive merger agreement under which Gryphon Digital Mining will acquire American Bitcoin in a stock-for-stock merger, taking American Bitcoin public.
Source (primary)
hut-8 8-K exhibit (hut-20250509xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-15)Live source ↗
Quote: “its majority-owned subsidiary, American Bitcoin, has entered into a definitive merger agreement to go public with Gryphon Digital Mining, Inc. (Nasdaq: GRYP) ("Gryphon") pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The press release states each element: the majority-owned subsidiary, the definitive merger agreement with Gryphon, the stock-for-stock acquisition, and the go-public purpose.
Confirmed in the source:
- American Bitcoin is a majority-owned subsidiary of Hut 8
- American Bitcoin entered into a definitive merger agreement with Gryphon Digital Mining
- Gryphon will acquire American Bitcoin in a stock-for-stock merger
- The transaction takes American Bitcoin public
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000155837025007236/hut-20250509xex99d1.htm) in full (12,691 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (hut-20250509xex99d1.htm)
Quote: “its majority-owned subsidiary, American Bitcoin, has entered into a definitive merger agreement to go public with Gryphon Digital Mining, Inc. (Nasdaq: GRYP) ("Gryphon") pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction”