India, May 12 -- Shares of Gryphon Digital Mining, Inc. (GRYP) soared over 300% on Monday morning after American Bitcoin Corp., a Bitcoin accumulation platform, agreed to acquire the company in a stock-for-stock deal.
GRYP is currently trading at $2.1000, up $1.5800 or 303.8462%, on a heavy volume of 149 million shares, above average volume of 1 million shares, on the Nasdaq. The stock opened its trading at $2.2050 after closing Friday at $0.5200. The stock has traded between $0.1260 and $2.9300 in the 52-week period.
Upon closing, the combined company will operate under the American Bitcoin brand, led by the management and board of directors of American Bitcoin. The combined company is expected to trade on Nasdaq under the ticker symbol ...