Sep. 6, 2025 at 12:49 PM ET6 min read

Gryphon Digital Mining Nears Nasdaq Listing as ABTC Amid Surge

Tim BohenAvatar
Written by Tim Bohen Reviewed by Ben Sturgill Fact-checked by Ellis Hobbs

American Bitcoin Corp. stocks have been trading up by 14.98 percent amid market optimism and advancing blockchain developments.

Key Highlights in Recent Updates

  • Gryphon Digital Mining is finalizing its merger with American Bitcoin Corp., preparing for trading under ABTC. Shares have seen a 23% increase following the news.
  • The nearing completion of the merger with Gryphon Digital Mining and the subsequent Nasdaq listing as ABTC is expected in early September. This move is backed by Hut 8, which holds an 80% stake.
  • Gryphon Digital Mining’s shareholders approved a reverse stock split to satisfy Nasdaq listing requirements, highlighting strategic alignment for future growth.

Healthcare industry expert:

Analyst sentiment – neutral

  1. Market Position & Fundamentals: American Bitcoin (ABTC) is currently in a precarious market position, with financial fundamentals indicating significant challenges. The company’s key ratios reveal negative margins, including an EBIT margin of -4357.9% and a gross margin of -11.7%, suggesting unsustainable cost structures relative to revenues. The recorded revenue of $20.54 million juxtaposes with a concerning revenue decline of 54.84% over the past three years. ABTC’s balance sheet reveals a negative stockholders’ equity of -$10.99 million, highlighting insolvency risks. The inability to cover short-term obligations is underscored by a quick ratio of 0, combined with substantial net income losses from continuing operations, which indicates the need for significant restructuring or strategic pivots to reverse negative trends. With an enterprise value of $127.97 million, ABTC’s current valuation may not reflect a truly viable long-term investment unless a dramatic turnaround occurs.

  2. Technical Analysis & Trading Strategy: Recent price action in ABTC reveals volatility, with significant fluctuations from a high of $8.77 to a low of $1.37. After an initial surge aligning with news of the merger, prices have stabilized around $6.46 and $7.37, suggesting a consolidation phase. The dominant trend indicates a potential bullish continuation, given increasing volumes coinciding with positive investor sentiment following strategic announcements. For traders, a strategy entails a buy entry above $8.77, contingent on breakout confirmation, with a stop loss set near the $6.21 support level to manage downside risk. Should a bearish reversal occur instead, attention to shorting opportunities near these key price levels is warranted.

  3. Catalysts & Outlook: Recent news surrounding ABTC’s merger with Gryphon Digital Mining and its debut on Nasdaq underlines pivotal catalysts for the company’s future, potentially driving demand for its stock. The merger, which involves a reverse stock split, aligns with Nasdaq listing requirements, hinting at ABTC’s commitment to upscale its presence among public investors. Compared to Healthcare benchmarks, ABTC’s speculative nature diverges entirely, reflecting its focus on Bitcoin mining and accumulation rather than healthcare services or pharmaceutical R&D. If the company achieves operational efficiency and capitalizes on Bitcoin price fluctuations, the outlook could improve. Monitoring support at $6.21 and a target breakout above $8.77 will be crucial. Overall, while the strategic initiatives demonstrate promise, the financial backdrop suggests a cautious approach until more concrete performance improvements materialize.

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

Over the past few days, ABTC shares observed notable fluctuations, beginning at $1.38 and escalating to a peak of $8.77. The recent close at $7.37 highlights significant volatility, reflecting investor reactions to strategic movements and market news. These figures capture a period of rapid change, likely influenced by merger activities and listing prospects.

Analyzing key ratios and financial data presents a somber outlook. The profound negative profitability margins underline challenges, with the EBIT margin at -4357.9 and EBITDA at -4146.4, painting a picture of significant losses. The income statement reveals a total revenue of $1.38M, with high operating expenses drastically affecting net income, which stands at a deficit of $5.26M. Cash flow analysis indicates strategic leveraging, evident from a $148.4M common stock issuance, balancing a negative $0.88M operating cash flow.

ABTC’s introduction to Nasdaq places them at a pivotal point with strategic aspirations centering on Bitcoin mining integration and disciplined accumulation. This structured approach aims to bolster Bitcoin-per-share growth, essential for steering future profitability. However, substantial financial obstacles, highlighted by deficient current ratios and profitability metrics, imply a careful navigated path is required to realize growth potential fully.

Conclusion

The transition into Nasdaq trading marks an important milestone in Gryphon Digital Mining’s journey, underpinned by strategic mergers and market aspirations. The proactive steps toward the listing underscore a strategic maneuver aimed at leveraging broader market exposure to fortify stakeholder value, resonating well within trader circles. As Tim Bohen, lead trainer with StocksToTrade says, “I focus on what a stock is doing, not what I want it to do. Let the stock prove itself before you make a move.” This insight aligns with Gryphon Digital Mining’s approach, as they focus on proven market performance to guide their strategic decisions. Nevertheless, navigating existing fiscal challenges while expanding operational capabilities remains crucial to translating strategic vision into tangible returns and market leadership.

This is stock news, not investment advice. StocksToTrade News delivers real-time stock market updates tailored to highlight the key catalysts driving short-term price movements. Our coverage is designed for active traders and investors who thrive in fast-moving markets, with a focus on volatile sectors like penny stocks, AI stocks, Robinhood stocks and other momentum plays. From earnings reports and FDA approvals to mergers, new contracts, and unusual trading volume, we break down the events that can spark significant price action.

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