Company: ABTC
Filing Date: 2025-08-29
Form Type: 425
Source: 0001213900-25-081983
Chunk: 0

Company: American Bitcoin Corp.
Filing Date: 2025-08-29
Form: 425
Chunk 0
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Filed by Gryphon Digital Mining, Inc.

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-6(b)

under the Securities Exchange Act of 1934

Subject Company: Gryphon Digital Mining, Inc.

Commission File No.: 333-287865

Date: August 6, 2025

The following is an article published on Reuters
on August 28, 2025. The article relates to the proposed transaction (the “Transaction”) between American Bitcoin Corp. (“American
Bitcoin”) and Gryphon Digital Mining, Inc. (“Gryphon”).

REUTERS

American Bitcoin, backed by Trump sons, aims to start trading in September

By Summer Zhen

August 28, 2025

HONG KONG, Aug 28 (Reuters) - American Bitcoin, the bitcoin
miner backed by two of U.S. President Donald Trump’s sons, has locked in crypto and traditional investors to back an all-stock merger
that will allow the firm to soon start trading on the Nasdaq, the company’s largest investor said.

The unlisted firm’s merger with Gryphon Digital Mining (GRYP.O)
is set to be finalised shortly, and the goal is to start trading in early September, according to Asher Genoot, the CEO of Hut 8 (HUT.O),
which holds 80% of American Bitcoin.

Anchor shareholders in the listing have been finalised, he said, adding
crypto exchange Gemini’s co-founders Tyler and Cameron Winklevoss had invested in the new firm.

Gemini did not immediately respond to Reuters’ requests for comment.

American Bitcoin’s co-founder, Eric Trump, his brother Donald Trump
Jr and Hut 8, will own a combined 98% of the newly formed entity, which will retain the name American Bitcoin and trade under the stock
code ABTC. [Correction: American Bitcoin’s co-founder, Eric Trump, his brother Donald Trump Jr and Hut 8, together with other pre-closing
stockholders of American Bitcoin, will own a combined 98% of the post-closing company]

“Instead of going public directly via IPO, we thought that there
was a lot more advantages to financing if we had an existing company that already had access to different financing too,” Genoot
told Reuters at the Bitcoin Asia conference in Hong Kong.

Eric Trump is also in Hong Kong and will travel to Tokyo at the weekend
for an event for