American Bitcoin Corp.
Business
American Bitcoin Corp. operates digital asset mining operations and is pursuing acquisition and development of energy assets for AI and high-performance computing (HPC) data center infrastructure. It provides bitcoin mining services using ASIC miners, co-location hosting, hash-computation services to mining pools, custodial and trading arrangements for mined bitcoin, and modular data center equipment. The company reports two principal activities: bitcoin mining operations and development of power and AI/HPC infrastructure, including pending acquisitions (Captus and Giga). Its operations use hosted data centers and mining pools in the United States and target development assets in Canada (Alberta).
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 185 | 72 | 65 | 10 | 18 | |
| Cost of revenue (exclusive of depreciation and amortization shown below) | 92 | 40 | 44 | 5 | 7 | |
| Depreciation and amortization | 58 | 23 | 14 | 4 | 5 | |
| General and administrative expenses | 33 | 34 | 34 | 8 | 10 | |
| Loss on sale of property and equipment | 2 | — | — | — | — | |
| Loss (gain) on digital assets | 227 | −509 | −33 | — | — | |
| Total operating expenses (income) | 321 | −452 | 15 | — | — | |
| Operating (loss) income | −228 | 484 | 6 | −43 | −33 | |
| Foreign exchange loss | — | — | −300,000 | — | — | |
| Interest expense | — | −3 | −9 | — | — | |
| Gain on derivatives | 56 | 7 | — | — | — | |
| Gain on warrant liability | 384,000 | — | — | — | — | |
| Gain on debt extinguishment | — | 6 | 24 | — | — | |
| Other income | 57 | 9 | 15 | −4 | −227,259 | |
| (Loss) income from continuing operations before taxes | −171 | 493 | 21 | −47 | — | |
| Income tax benefit (provision) | 18 | −60 | 19 | 701,119 | 2 | |
| Net (loss) income from continuing operations | −153 | 434 | 40 | — | — | |
| Loss from discontinued operations (net of income tax benefit of nil, $1.6 million, and nil respectively) | — | −5 | −3 | −33 | — | |
| Net (loss) income | −153 | 429 | 40 | −79 | −31 | |
| Foreign currency translation adjustments | 4 | −59 | 11 | — | — | |
| Total comprehensive (loss) income | −149 | 370 | 51 | — | — | |
| Basic from continuing operations | −0.17 | 0.49 | 0.04 | −546.56 | −24.44 | |
| Diluted from continuing operations | −0.17 | 0.49 | 0.04 | −546.56 | — | |
| Basic | 905 | 892 | 892 | 146,393 | 1 | |
| Diluted | 905 | 892 | 892 | 146,393 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 4 | — | — | — | — | |
| Deposits and prepaid expenses | 2 | 43 | 581,000 | — | — | |
| Accounts and other receivable | 2 | — | — | — | — | |
| Derivative asset | — | 18 | — | — | — | |
| Digital assets - pledged for miner purchase, current portion | — | 92 | 2 | — | — | |
| Digital assets receivable | 812,000 | — | — | — | — | |
| Total current assets | 9 | 153 | 5 | 11 | 18 | |
| Derivative asset | 101 | — | — | — | — | |
| Property and equipment, net | 342 | 43 | 13 | 48,880 | 66,028 | |
| Operating lease right-of-use-asset | 167 | — | — | — | — | |
| Indefinite-lived intangible asset | 998,000 | — | — | — | — | |
| Goodwill | 154 | 53 | 58 | 2 | 33 | |
| Total non-current assets | 1,238 | 953 | — | — | — | |
| Total assets | 1,247 | 1,106 | 19 | 19 | 94 | |
| Accounts payable and accrued expenses | 6 | 31 | 4 | 4 | 5 | |
| Due to Hut 8 | 54 | — | — | — | — | |
| Derivative liability | — | 18 | — | — | 63,178 | |
| Income tax payable | 701,000 | 889,000 | — | — | — | |
| Operating lease liability, current portion | 52 | — | — | — | — | |
| Total current liabilities | 112 | 50 | 19 | 23 | 29 | |
| Miner purchase liability | 332 | 15 | — | — | — | |
| Deferred tax liabilities | — | 41 | — | — | — | |
| Operating lease liability, less current portion | 137 | — | — | — | — | |
| Warrant liability | 146,000 | — | — | — | — | |
| Total non-current liabilities | 469 | 41 | — | — | — | |
| Total liabilities | 581 | 91 | 19 | 24 | 35 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Additional paid-in capital | 718 | 60 | 47 | 160 | 146 | |
| Retained earnings | −53 | −68 | −47 | −168 | −89 | |
| Accumulated other comprehensive loss | — | −48 | 227,000 | 347,100 | 61,523 | |
| Net Hut 8 investment | — | 1,063 | — | — | — | |
| Total stockholders' equity | 666 | 1,015 | 474 | 27 | 60 | |
| Total liabilities and stockholders' equity | 1,247 | 1,106 | 19 | 19 | 94 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 58 | 23 | 14 | — | — | |
| Non-cash lease expense | 22 | — | — | — | — | |
| Stock-based compensation | 2 | 9 | 9 | 873,929 | 2 | |
| Bitcoin mining revenue | −185 | −72 | −65 | — | — | |
| Loss (gain) on digital assets | 227 | −509 | −33 | — | — | |
| Deferred tax assets and liabilities | −25 | 59 | −20 | — | — | |
| Amortization of debt discount | — | 4 | 6 | — | — | |
| Paid-in-kind interest expense | — | — | 2 | — | — | |
| Loss on discontinued operations | — | 5 | — | — | — | |
| Deposits and prepaid expenses | 193,000 | −2 | −2 | 257,555 | −8,988 | |
| Accounts and other receivable | −2 | — | — | — | — | |
| Income taxes payable | −188,000 | 122,000 | 767,000 | — | — | |
| Accounts payable and accrued expenses | −22 | 14 | 16 | −324,166 | 2 | |
| Due to Hut 8 | 53 | — | — | — | — | |
| Net cash used in operating activities | −80 | −54 | −56 | −11 | −8 | |
| Proceeds from sale of digital assets | 3 | 70 | 64 | — | — | |
| Purchases of digital assets | −405 | −101 | — | — | — | |
| Deposit paid to purchase property and equipment | — | −29 | −966,000 | — | — | |
| Purchases of property and equipment | — | −7 | −2 | −31,884 | −39,263 | |
| Proceeds from sale of property and equipment | 3 | — | — | — | — | |
| Cash assumed from the Mergers | 894,000 | — | — | 400,000 | −5 | |
| Net cash (used) provided by investing activities | −398 | −67 | 63 | −4 | −10 | |
| Repayments of loans payable | — | −11 | −11 | — | — | |
| Debt issuance costs paid | — | — | −584,000 | — | — | |
| Proceeds from the issuance of Class A common stock - private placement, net of issuance costs | 205 | — | 500,000 | — | — | |
| Proceeds from the issuance of Class A common stock - at-the-market offering, net of issuance costs | 238 | 4 | — | — | — | |
| Proceeds from the issuance of Class A common stock - warrant exercises | 6,000 | — | — | — | — | |
| Net transfer from Hut 8 - non-cash | 39 | 132 | 5 | — | — | |
| Net cash provided by (used in) financing activities | 482 | 121 | −7 | 9 | 15 | |
| Net increase in cash | 4 | — | — | — | — | |
| Cash paid for income taxes | 6,000 | — | 176,000 | 15,684 | 10,570 | |
| Digital assets received for the issuance of Class A common stock | 10 | — | — | — | — | |
| Property and equipment acquired under miner purchase liability | 267 | — | — | 17,974 | — | |
| Assets acquired, including goodwill, net of liabilities assumed in the Mergers, net of cash acquired | 135 | — | — | — | — | |
| Warrants exercised | 67,000 | — | — | — | — | |
| Reclassification of deposits and prepaid expenses to property and equipment | — | — | 43 | — | — | |
| Debt extinguished | — | — | 97 | — | — | |
| Assets transferred in debt extinguishment | — | — | 73 | — | — | |
| Mining revenue in accounts receivable, net | — | — | 292,000 | — | — | |
| Common stock issued as part of debt restructuring | — | — | 791,000 | — | — | |
| Contribution from Hut 8 in connection with debt extinguishment | — | 30 | — | — | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | 183 | — | — | — | — | |
| Assets acquired net of liabilities assumed on completion of the Hut 8 Business Combination | — | — | 421 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is American Bitcoin Corp.'s CIK number?
American Bitcoin Corp.'s SEC CIK number is 0001755953 (1755953). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find American Bitcoin Corp.'s SEC filings?
All of American Bitcoin Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did American Bitcoin Corp. last report earnings?
American Bitcoin Corp. (ABTC) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-209054). This is American Bitcoin Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is American Bitcoin Corp.'s most recent earnings 8-K?
American Bitcoin Corp.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001193125-26-209054. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View American Bitcoin Corp.'s latest earnings 8-K →
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