Could Trump-Backed American Bitcoin Be the Next Nasdaq Giant? Gryphon Merger Vote on August 27 Could Change Everything!
The company currently controls approximately 10.17 EH/s of Bitcoin hashrate, with a weighted average fleet efficiency of 21.2 J/TH as of May 30, according to the prospectus. It aims to reach 25 EH/s of hashrate capacity, including the option to acquire 15 EH/s of hosted capacity from Hut 8 for Bitmain machines.
Post-merger, American Bitcoin stockholders will hold about 98% ownership, with Hut 8 maintaining a majority stake and continuing as the exclusive infrastructure and operations partner.
American Bitcoin owns 215 BTC valued at approximately $24 million, according to a June disclosure.
Post Comment