The Company remains positive on the longer-term potential of the industry and taking advantage of the prevailing poor sentiment, placed an order for 1,140 units of Hydro S19XP (20.8J/T) supercomputing servers, at highly attractive prices in November 2022. 

In April 2023, ABit USA secured a prime piece of land in Duff, Tennessee, to construct a state-of-the-art digital data center. After months of meticulous planning and construction, the facility is now nearing completion and is set to commence operations on October 2.

This remarkable site represents the first bitcoin self mining endeavor for ABITS GROUP Inc. The cutting-edge facility has been purposefully built with the new generation of hydro mining facilities, powered by a new generation of hydro system.

On October 1st, the first fleet of hydro miners had been activated, marking the beginning of an exciting new chapter for ABTS. Over the following months, the remaining mining fleets, with a combined capacity of up to 10MV, will be fully deployed on-site, solidifying the company's position as a prominent player in the cryptocurrency mining sector.

By leveraging these advanced hydro miners and employing an efficient hydro system, ABTS is proud to maximize productivity while minimizing their environmental impact. With a power consumption of only 20.8J hydro machine and relatively reasonable electricity costs, the Company anticipates a remarkable 65% gross profit even when the Bitcoin price stands at $26,000 USD.