American Bitcoin stockholder consideration in transaction
Company: Hut 8
The claim, verbatim
American Bitcoin stockholders will receive newly issued stock representing approximately 98% of Gryphon's issued and outstanding stock as of immediately following the Transaction.
Source (primary)
Hut 8 8-K filed 2025-05-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the issued and outstanding capital stock of American Bitcoin will be canceled and converted into the right to receive newly issued stock representing, in the aggregate, approximately 98% of the issued and outstanding stock of Gryphon as of immediately following the Transaction.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that American Bitcoin's stock will convert into newly issued stock representing about 98% of Gryphon's outstanding stock immediately after the Transaction.
Confirmed in the source:
- American Bitcoin's capital stock will be converted into the right to receive newly issued Gryphon stock
- That stock will represent, in the aggregate, approximately 98% of Gryphon's issued and outstanding stock immediately following the Transaction
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000155837025007236/hut-20250509x8k.htm) in full (14,241 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 8-K filed 2025-05-12
Quote: “the issued and outstanding capital stock of American Bitcoin will be canceled and converted into the right to receive newly issued stock representing, in the aggregate, approximately 98% of the issued and outstanding stock of Gryphon as of immediately following the Transaction.”