American Bitcoin, a cryptocurrency mining company backed by the Trump family, is set to go public. The move involves a merger with Gryphon Digital Mining, aiming to enhance operations and expand the company's reach in the growing bitcoin market. This strategic decision comes as part of a broader trend among cryptocurrency firms seeking to attract capital through public offerings. American Bitcoin is expected to leverage Gryphon's infrastructure and resources to bolster its competitive position. The merger highlights the increasing involvement of traditional financiers, exemplified by the Trump family's support, in the evolving crypto landscape.

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