ABITS GROUP INC. (NASDAQ: ABTS) operates Bitcoin mining
business through its U.S. subsidiary, Abit USA, Inc., which
owns and operates mining facilities in Tennessee providing
self-mining operations and colocation hosting services.
FINANCIAL INFORMATION
2025 Q3
Finance Report
Highlights of the Quarter
Total revenue reached $1.61 million in Duff, Tennessee, representing a 27.5% increase compared to the same period last year. Profit of this self-owned mining operation was $0.76 million, up from $ 0.39 million in Q3 2024.
Hong Kong, May 29, 2025 (GLOBE NEWSWIRE) — Abits Group Inc. (the “Company”) (NASDAQ: ABTS). The Company is pleased to announce specific highlights of its operating results for the first quarter of fiscal year 2025.
We may offer to sell, from time to time, in one or more offerings, any combination of ordinary shares, preferred shares, debt securities, warrants, rights, orunits having an aggregate initial offering price not exceeding $100,000,000
Abits Group Inc. (the “Company”) held its 2025 annual meeting of shareholders (the “Annual Meeting”) on November 21, 2025, at 11:00 A.M., Hong Kong Time, at Level 24, 33 Hysan Avenue, Causeway Bay, Hong Kong SAR, China.
It is my pleasure to invite you to our Annual Meeting of Shareholders for the fiscal year ended December 31, 2024 to be held on November 21, 2025,
at 11:00 A.M., Hong Kong Time (10:00 P.M. Eastern Time on November 20, 2025).
On October 10, 2025, Abits Group Inc (the “Company”) issued a press release announcing that its 2025 annual meeting of shareholders will be held on
November 21, 2025, at 11:00 A.M., Hong Kong Time
We may offer to sell, from time to time, in one or more offerings, any combination of ordinary shares, preferred shares, debt securities, warrants, rights, or units having
an aggregate initial offering price not exceeding $100,000,000 (or its equivalent
On August 13, 2025, the Registrant reported its Unaudited Consolidated Financial Statements for the Six Months Ended June 30, 2025 and 2024 (the
“Original Interim Financial Statements”) on a current report on Form 6-K (the “Form 6-K” or the “Original
The operating profit from mining operations for the six months to June 30, 2025 was $2.138 million, an improvement of nearly 6% from the corresponding period last year. This was despite the halving of the mining rewards from late April 2024,which reduced
We may offer to sell, from time to time, in one or more offerings, any combination of ordinary shares, preferred shares, debt securities, warrants, rights, or units having an aggregate initial offering price not exceeding $100,000,000
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
Hong Kong, March 25, 2025 — Abits Group Inc. announced today that on March 24, 2025, it received notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has regained compliance with NASDAQ’s minimum bid price requirement
Abits Group Inc. announced today that its wholly owned subsidiary, Abit USA, Inc., 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, March 5, 2025 (GLOBE NEWSWIRE) — Abits Group Inc (the “Company”) (NASDAQ: ABTS), a company engaged in bitcoin mining and related services in the United States announced today, on February 13, 2025, the Company’s board of directors
We may offer to sell, from time to time, in one or more offerings, any combination of ordinary shares, preferred shares, debt securities, warrants, rights, or units having an aggregate initial offering price not exceeding $100,000,000
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
The undersigned shareholder of ABITS GROUP INC (the “Company”) hereby appoints Conglin Deng or Tan Wanhong, and each of them, as proxies with
full power of substitution, on behalf and in the name of the undersigned, to represent the undersigned at
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.
On October 15, 2024, Abits Group Inc (the “Company”) issued a press release announcing that its 2024 annual meeting of shareholders will be held on
December 10, 2024, at 11:00 A.M., Hong Kong Time (10:00 P.M. Eastern Time, on December 9, 2024), at Level
On October 10, 2024, The Nasdaq Stock Market LLC (“Nasdaq”) granted Abits Group Inc (the “Company”) an additional 180 calendar day period, or until
April 7, 2025, to regain compliance with the minimum $1.00 bid price per share requirement for continued
In a period when production is sustained throughout the six months, revenue grew to $3.67 million comprising 61.5 bitcoins, compared to the previous
period when construction of the mining center in Tennessee was in progress
Abits Group Inc (the “Company”) (NASDAQ: ABTS) resulted from the fact that the closing bid price of the Company’s ordinary shares was below $1.00 per share for a period of 30 consecutive
business days.
Hong Kong, January 11, 2024 (GLOBE NEWSWIRE) — Abits Group Inc (the “Company”) (NASDAQ: ABTS), a company engaged in bitcoin mining and related services in the United States, announced today on January 10, 2024, it received notification from The Nasdaq
The Registrant is furnishing this Report on Form 6-K to provide its unaudited consolidated financial statements as of and for the period of six months ended June 30, 2023, which are attached as Exhibit 99.2 to this Form 6-K.
On October 12, 2023, the Registrant received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Registrant that the minimum closing bid price per share for its ordinary shares was below $1.00
The Company has determined that no governmental entity in China or in the British Virgina Islands (BVI), directly or indirectly, possesses the power to
direct or cause the direction of the management and policies of the Company or has a controlling finan
The management of Moxian (BVI) Inc and the Company’s independent registered public accounting firm determined that Form 20-F filed with the Securities and Exchange Commission on May 15, 2023 has been filed in error due to a miscommunication.
MR.Deng has served as a director of the Company since August 9, 2021 by resolution of the Board of Directors. He became Chief Executive Officer of the Company by a resolution of the Board of Directors in September 2021.
Mr. Deng has served as the General
Philip J. Hicks with 20+ years of experience in building and managing $100M+.
From June 2021 to November 2022 he served as Director of Operations and Director of Projects at Griid Infrastructure, LLC, US. He built several Data Centers in the North Americ
