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Gryphon Digital Mining Nears Nasdaq Milestone Amid Merger with American Bitcoin

BRYCE TUOHEY•UPDATED JUN. 15, 2026, 5:40 PM ET
Reviewed by Matt Monacoand Fact-checked by Bryce Tuohey

American Bitcoin Corp.’s stocks have been trading up by 14.98 percent driven by optimism in cryptocurrency market advancements.

Key Highlights in Market Movement

  • Gryphon Digital Mining is finalizing its merger with American Bitcoin, targeting Nasdaq trading under the ABTC ticker. Gryphon shares saw a jump of 23%.
  • The merger deal is progressing rapidly, with reports indicating a Nasdaq debut for the combined entity in early September, backed by substantial stockholder approval.
  • A crucial step in the merger, Gryphon’s shareholders endorsed a reverse stock split, aligning with Nasdaq’s listing criteria, solidifying the path for unified operations under the ABTC symbol.
  • American Bitcoin’s entrance into Nasdaq signifies a strategic push towards Bitcoin maximization, harnessing scale for optimized Bitcoin-per-share augmentation.

Healthcare industry expert:

Analyst sentiment – neutral

  1. Market Position & Fundamentals: ABTC’s financial health appears precarious with a negative EBIT margin of -4357.9% and a similarly daunting EBITDA margin of -4146.4%, indicating substantial operating losses relative to their revenue of $20.5 million. The alarming gross margin of -11.7% underscores inefficient cost management or declining product margins. An asset turnover ratio of 0.1 suggests limited efficiency in utilizing assets to generate sales. Further, a current ratio of 0.1 reflects severe liquidity constraints, which, combined with a return on equity of -1092.79%, signifies a weak capital structure and management’s inability to generate shareholder value. This fragile financial foundation highlights ABTC’s struggle to maintain market position amid drastic underperformance.

  2. Technical Analysis & Trading Strategy: Recent price action indicates high volatility with a surging open at $8.30 and a peak of $8.77 on September 3. Following highs, the stock corrected to $7.37 on September 5. This suggests a bearish retracement within a broader uptrend caused by merger anticipation. Volume patterns remain inconsistent, evidencing speculative interest. The dominant trend is positive, aligning with merger news impacts. For trading, target an entry at $7.40, expecting resistance at $8.50. Caution: volume spikes may precede further volatility. Monitoring support at $6.40 and resistance at $8.50 is crucial for short to medium-term strategy execution.

  3. Catalysts & Outlook: Recent developments show ABTC nearing its merger with Gryphon Digital Mining, positively impacting stock momentum and igniting a 23% surge. The Nasdaq listing under the ABTC ticker elevates trading visibility and institutional interest. However, challenges loom with the 5-for-1 reverse stock split, raising execution risk. Compared to the Healthcare and Pharmaceuticals benchmarks, ABTC’s strategy diverges yet showcases unique value in cryptocurrency accumulation—a speculative but potentially lucrative approach given the recent digital currency market revival. Target a cautious price range from $6.40 to $8.50, considering market reactions to merger completion. While the merger brings hope, overarching volatilities suggest a neutral stance until stability clarifies future earnings potential.

Candlestick Chart

More Breaking News

Weekly Update Sep 01 – Sep 05, 2025: On Saturday, September 06, 2025 American Bitcoin Corp. stock [NASDAQ: ABTC] is trending up by 14.98%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

The financial data encompassing the merger of Gryphon Digital Mining and American Bitcoin suggests noteworthy developments on the horizon. The recent stock performance displays a significant upward trajectory; the integration strategy propels a positive outlook. With Gryphon shares soaring by 23%, expectations hinge on a dynamic market presence post-merger.

ABTC’s recent stock data indicates volatility yet displays potential for growth with an opening of $1.38, reaching highs, closing at $7.4 on intraday trading. The revenue figures at $20.54 million contradict profitability challenges, underscored by a profit margin of just 0.1%. Despite the daunting ebit and ebitda margins, the focus lies on harnessing operational efficiencies through the merger. A key insight shows a substantial uptick when examining equity adjustment, potentially minimizing future losses.

The company’s balance sheet reflects a critical approach to debt management, emphasizing strategic capital reinvestment towards growth and expanding Bitcoin operations. The current asset base enhances liquidity, while the strategic merger foresees fortified financial stability aligning with Nasdaq’s benchmarks.

Conclusion

The pathway to Nasdaq marks a significant milestone in Gryphon Digital Mining’s merger with American Bitcoin, fortifying its market paradigm under the ABTC designation. As shares uplift and liquidity metrics align, ABTC positions itself as a substantive force in the Bitcoin realm—poised for growth and venture resilience, marking a new chapter in its market evolution. As millionaire penny stock trader and teacher Tim Sykes, says, “The goal is not to win every trade but to protect your capital and keep moving forward.” This mindset is essential as the synergy derived from this merger constructs a substantial platform, poised to amplify the reach and operational depth of the combined entity—anticipating a transformative impact on Bitcoin-related market movements.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”