Dominari Holding's Strategic Interest in Bitcoin Mining Set to Go Public
Dominari Holdings (NASDAQ: DOMH) announced that American Bitcoin, in which it holds a strategic interest, has entered into a definitive merger agreement with Gryphon Digital Mining (NASDAQ: GRYP). The stock-for-stock transaction will result in American Bitcoin becoming publicly traded on Nasdaq under the ticker "ABTC", with former American Bitcoin stockholders, including Dominari, owning approximately 98% of the combined company.
The merger, expected to close in Q3 2025, will operate under the American Bitcoin brand. The company, launched in partnership with Eric Trump as advisor and chief strategy officer, aims to become the world's largest pure-play Bitcoin miner while building a strategic Bitcoin reserve. American Bitcoin emerged from a joint venture between American Data Centers (created by Dominari) and Hut 8.
Dominari Holdings (NASDAQ: DOMH) ha annunciato che American Bitcoin, in cui detiene un interesse strategico, ha firmato un accordo definitivo di fusione con Gryphon Digital Mining (NASDAQ: GRYP). L'operazione di scambio azionario porterà American Bitcoin a diventare una società quotata al Nasdaq con il simbolo "ABTC", con gli ex azionisti di American Bitcoin, inclusa Dominari, che deterranno circa il 98% della società combinata.
La fusione, prevista per il terzo trimestre del 2025, opererà sotto il marchio American Bitcoin. La società, lanciata in collaborazione con Eric Trump come consulente e direttore della strategia, punta a diventare il più grande miner di Bitcoin puro al mondo, costruendo al contempo una riserva strategica di Bitcoin. American Bitcoin è nata da una joint venture tra American Data Centers (creata da Dominari) e Hut 8.
Dominari Holdings (NASDAQ: DOMH) anunció que American Bitcoin, en la que tiene un interés estratégico, ha firmado un acuerdo definitivo de fusión con Gryphon Digital Mining (NASDAQ: GRYP). La transacción de intercambio de acciones hará que American Bitcoin cotice públicamente en Nasdaq bajo el símbolo "ABTC", con los antiguos accionistas de American Bitcoin, incluida Dominari, poseyendo aproximadamente el 98% de la empresa combinada.
La fusión, que se espera cerrar en el tercer trimestre de 2025, operará bajo la marca American Bitcoin. La compañía, lanzada en asociación con Eric Trump como asesor y director de estrategia, tiene como objetivo convertirse en el mayor minero puro de Bitcoin del mundo mientras construye una reserva estratégica de Bitcoin. American Bitcoin surgió de una empresa conjunta entre American Data Centers (creada por Dominari) y Hut 8.
Dominari Holdings (NASDAQ: DOMH)는 전략적 지분을 보유한 American Bitcoin이 Gryphon Digital Mining (NASDAQ: GRYP)과 최종 합병 계약을 체결했다고 발표했습니다. 주식 교환 방식의 이번 거래로 American Bitcoin은 나스닥에서 "ABTC"라는 티커로 상장되며, 이전 American Bitcoin 주주들, 포함하여 Dominari가 합병 회사의 약 98%를 소유하게 됩니다.
2025년 3분기 완료 예정인 이번 합병은 American Bitcoin 브랜드로 운영됩니다. Eric Trump이 고문 겸 최고 전략 책임자로 참여한 이 회사는 세계 최대의 순수 비트코인 채굴업체가 되는 동시에 전략적 비트코인 준비금을 구축하는 것을 목표로 합니다. American Bitcoin은 Dominari가 설립한 American Data Centers와 Hut 8 간의 합작 투자에서 탄생했습니다.
Dominari Holdings (NASDAQ: DOMH) a annoncé qu'American Bitcoin, dans laquelle elle détient un intérêt stratégique, a conclu un accord définitif de fusion avec Gryphon Digital Mining (NASDAQ: GRYP). Cette opération d'échange d'actions entraînera la cotation d'American Bitcoin au Nasdaq sous le symbole "ABTC", les anciens actionnaires d'American Bitcoin, y compris Dominari, détenant environ 98% de la société combinée.
La fusion, qui devrait être finalisée au troisième trimestre 2025, opérera sous la marque American Bitcoin. La société, lancée en partenariat avec Eric Trump en tant que conseiller et directeur de la stratégie, vise à devenir le plus grand mineur de Bitcoin pur au monde tout en constituant une réserve stratégique de Bitcoin. American Bitcoin est née d'une coentreprise entre American Data Centers (créée par Dominari) et Hut 8.
Dominari Holdings (NASDAQ: DOMH) gab bekannt, dass American Bitcoin, an dem es strategisch beteiligt ist, eine endgültige Fusionsvereinbarung mit Gryphon Digital Mining (NASDAQ: GRYP) unterzeichnet hat. Die Aktientausch-Transaktion wird dazu führen, dass American Bitcoin unter dem Tickersymbol "ABTC" an der Nasdaq öffentlich gehandelt wird, wobei die ehemaligen American Bitcoin-Aktionäre, einschließlich Dominari, etwa 98% des kombinierten Unternehmens besitzen.
Die Fusion, die voraussichtlich im dritten Quartal 2025 abgeschlossen wird, wird unter der Marke American Bitcoin operieren. Das Unternehmen, das in Partnerschaft mit Eric Trump als Berater und Chief Strategy Officer gegründet wurde, strebt an, der weltweit größte reine Bitcoin-Miner zu werden und gleichzeitig eine strategische Bitcoin-Reserve aufzubauen. American Bitcoin entstand aus einem Joint Venture zwischen American Data Centers (gegründet von Dominari) und Hut 8.
- Dominari will maintain significant ownership (part of 98% stockholder group) in the merged public company
- Strategic positioning to capitalize on Bitcoin mining sector through efficient operations
- Merger provides validation of Dominari's business model and investment strategy
- Value creation opportunity for Dominari shareholders through the public listing
- Potential dilution of Dominari's stake after the merger
- Exposure to volatile Bitcoin mining sector and cryptocurrency market risks
- Integration risks associated with the merger of American Bitcoin and Gryphon Digital Mining
Insights
Dominari's investment in American Bitcoin gains substantial value as the venture merges with Gryphon to become a publicly traded entity.
This merger represents a significant value creation event for Dominari Holdings (DOMH). As an early investor in American Bitcoin, Dominari will maintain meaningful ownership as part of the 98% stake that former American Bitcoin stockholders will hold in the combined entity. The transaction structure — a stock-for-stock deal resulting in American Bitcoin becoming Nasdaq-listed — creates immediate liquidity for Dominari's previously illiquid investment.
What's particularly noteworthy is the rapid timeline of this value creation. Dominari helped form American Bitcoin just "a few short months ago" as a joint venture between American Data Centers (which Dominari created) and Hut 8. This quick progression from formation to public listing demonstrates exceptional execution speed.
The combined entity aims to become the "world's largest, most efficient pure-play Bitcoin miner" while building a strategic Bitcoin reserve. The leadership structure maintains continuity with American Bitcoin's current management and board of directors remaining in place. Eric Trump will continue as advisor and chief strategy officer.
For Dominari shareholders, this transaction transforms a nascent private investment into a significant stake in a public company with enhanced access to capital markets, improved liquidity, and potentially greater scale advantages in the competitive Bitcoin mining sector. The expected closing in Q3 2025 provides a clear timeline for this value realization.
This development aligns with Dominari's broader strategy of identifying, creating, and monetizing value in the digital asset and infrastructure space, as evidenced by Kyle Wool's statement highlighting this as "notable value creation" for shareholders.
American Bitcoin Enters into Definitive Merger Agreement with Nasdaq-listed
Gryphon Digital Mining to Build World's Largest, Most Efficient Pure-Play
Bitcoin Minor Alongside A Robust and Strategic Bitcoin Reserve
Upon closing, which is expected to occur in the third quarter of this year, the company will operate under the American Bitcoin brand, led by the management and current board of directors of American Bitcoin. American Bitcoin is expected to trade on Nasdaq under the ticker symbol "ABTC."
American Bitcoin was launched earlier this year, in partnership with Eric Trump, who will remain an advisor and chief strategy officer, with the goal of building the world's largest, most efficient pure-play Bitcoin miner alongside a robust strategic Bitcoin reserve. American Bitcoin is purpose-built to enable Bitcoin accumulation at scale through low-cost Bitcoin mining and other complementary strategies.
"As an early investor in American Bitcoin, we are proud to support its journey toward becoming a public market leader," said Kyle Wool, President of Dominari Holdings Inc. "This merger marks a significant milestone not only for American Bitcoin, but also for Dominari. American Bitcoin was formed as a joint venture between American Data Centers, an independent company that we created a few short months ago, and Hut 8. From the outset, we recognized its potential to become a formidable force in the digital asset mining sector. The merger between American Bitcoin and Gryphon Digital Mining validates that vision and highlights the strength of our broader strategy and business model. We believe the combined company is exceptionally well-positioned to capitalize on structural tailwinds in Bitcoin mining and digital infrastructure, and we look forward to supporting its continued growth as a strategic partner. For Dominari shareholders, this is notable value creation."
The announcement regarding the signing of the definitive merger agreement is available at https://www.globenewswire.com/news-release/2025/05/12/3078943/0/en/Hut-8-Subsidiary-American-Bitcoin-Announces-Go-Public-Transaction.html.
For additional information about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/
About Dominari Holdings Inc.
The Company is a holding company that, through its various subsidiaries, is currently engaged in wealth management, investment banking, sales and trading and asset management. In addition to capital investment, Dominari provides management support to the executive teams of its subsidiaries, helping them to operate efficiently and reduce cost under a streamlined infrastructure. In addition to organic growth, the Company seeks opportunities outside of its current business to enhance stockholder value, including in the AI and Data Center sectors.
Dominari Securities LLC's Mission Statement:
Dominari Securities LLC, a principal subsidiary of Dominari Holdings Inc., is a dynamic, forward-thinking financial services company that seeks to create wealth for all stakeholders by capitalizing on emerging trends in the financial services sector and identifying early-stage future opportunities that are expected to generate a high rate of return for investors.
Securities Brokerage and Registered Investment Adviser Services are offered through Dominari Securities LLC, a Member of FINRA, MSRB and SIPC. Securities brokerage, investment adviser and other non-bank deposit investments are not FDIC insured and may lose some or all of the principal invested. You can check the background of Dominari Securities and its registered investment professionals and review its SEC Form CRS on FINRA's BrokerCheck site at https://brokercheck.finra.org. Information for Dominari Securities LLC and its registered investment professionals as well as its SEC Form CRS may also be found on FINRA's BrokerCheck site.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, which include but are not limited to the Risk Factors set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 relating to its business. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Dominari Holdings Inc.
https://www.dominariholdings.com/
Investor Relations
Hayden IR
Brett Maas, Managing Partner
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com
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SOURCE Dominari Holdings Inc.
FAQ
What is the merger deal between American Bitcoin and Gryphon Digital Mining (GRYP)?
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