By Summer Zhen

HONG KONG (Reuters) -American Bitcoin, the bitcoin miner backed by U.S. President Donald Trump’s two 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 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, which holds 80% of American Bitcoin.

Anchor shareholders in the listing have already been finalised, he added.

The company’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

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