American Bitcoin, Hut 8’s majority-owned unit backed by the Trump family, will go public via a merger with Gryphon Digital Mining (GRYP). Shares of Hut 8 Corp. (HUT) jumped 12% in pre-market trading, while Gryphon Digital Mining (GRYP) soared more than 200%, following the news.

American Bitcoin, a new bitcoin miner backed by U.S. President Donald Trump's two eldest sons, said on Monday it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining .

Asset Entities Inc., known by its ticker ASST on Nasdaq, has skyrocketed more than 1,336.67% during the last five days. The price went from under $0.53 to a $8.62 stock price as of May 9. The stock price of Asset Entities has also jumped 12.09% in just 24 hours, reflecting the renewed investor confidence.