HUT 8 MINING CORP

American Bitcoin, a Bitcoin mining company launched earlier this year by Hut 8 Mining Corp (TSX:HUT) and backed by Donald Trump's sons Eric Trump and Donald Trump Jr, will go public via a stock-for-stock merger with Gryphon Digital Mining. Shares of Gryphon added 170% in the early afternoon on Monday.» Mehr auf proactiveinvestors.com

MIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that 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. Upon closing, the combined company will operate under the American Bitcoin brand, led by the American Bitcoin board of directors, including Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim, and management team, including Mike Ho, Matt Prusak, and Eric Trump.» Mehr auf globenewswire.com

Hut 8 Corp. missed consensus revenue estimates but beat EPS estimates, reporting $21.8 million in revenue and a $134.3 million net loss due to Bitcoin value changes. The creation of American Bitcoin allows HUT to decouple mining investments, reducing capital burden and potentially increasing margins through a capital-light structure. HUT's 1.34x Hodl multiple is fairly valued, with 75% of its market cap backed by Bitcoin holdings, indicating a strong BTC-backed risk-reward profile.» Mehr auf seekingalpha.com