During the first quarter of 2025, the Company’s mining operations had a total output of 18.86 coins, a drop of 50.4%, due solely to the halving of mining rewards from late April 2024. Gross profit achieved was $0.82 million but at a margin of 46.1%, it is

The selected consolidated statements of operations data and the selected consolidated balance sheets data have been derived from our audited consolidated financial statements, of which that for the year ended December 31, 2024 and December 31. 2023

Hong Kong, March 19, 2025 (GLOBE NEWSWIRE) — has secured a $3.0 million loan from an unrelated third party to fund the purchase of new Antminer S19XP machines for its new operational expansions in Memphis, Tennessee.

Hong Kong, Jan.6, 2025 -- Abits Group Inc. (NASDAQ: ABTS), a U.S.-based digital data center operator specializing in Bitcoin self-mining operations, today announced a significant expansion of its operations through a new 10MW hosting facility in Memphis

Hong Kong, November 25, 2024 -- Abits Group Inc. (NASDAQ: ABTS), a U.S.-based digital data center operator specializing in Bitcoin self-mining operations, today announced it has signed agreements with Bitmain to purchase an additional 400 units of Antmine

Hong Kong, October 30, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a leading data center operator specializing in Bitcoin mining operations in the United States, today announced its operational updates for the third quarter of 2024.

Abits Group Inc is thrilled to announce the appointment of Christopher Silva as Vice President of HR and Business Development, effective May 1, 2024.

Mining output in this quarter was 24.09 bitcoins.The Company intends to build a new 22MW site, with options to expand to 35MW.

Abits Group completed vital infrastructure projects in 2024 Q1, including expanding a 1 MW facility in March and constructing a 100,000-gallon water reservoir to enhance production stability.

On October 1st, the first fleet of hydro miners was activated, marking the beginning of an exciting new chapter for ABTS. With a power consumption of only 20.8J hydro machine and relatively reasonable electricity costs, the Company anticipates

Construction was completed in August 2023, and the first new equipment units arrived at the self-mining center.

The group was constructing a mining center in its acquired land in Duff, near the city of LaFollette in the State of Tennessee in the United States, which was purchased in April 2023 for $1.2 million.

The group purchased the 1140 units of Hydro S19XP (20.8J/T) super computing server at the end of 2022.The latest Bition fleet presents an estimated Maximum hash rate of 285,000 TH/s.