A U.S. stock exchange surges over 12%

BlockBeats News, July 2 — According to market data, influenced by news of a merger transaction involving its controlling subsidiary, U.S.-listed Hut 8 Corp (HUT) surged by 12.47%, currently trading at $20.78.

As previously reported by BlockBeats, on July 1, 2025, American Bitcoin Corp. and Gryphon Digital Mining jointly announced that they have submitted a revised S-4 registration statement to the U.S. Securities and Exchange Commission (SEC), advancing the previously announced share exchange merger transaction. American Bitcoin is a controlling subsidiary of Hut 8, backed by supporters including Eric Trump, son of former President Trump. The company focuses on industrial-scale Bitcoin mining and the development of strategic Bitcoin reserves.