American Bitcoin Corp. (ABTC)
American Bitcoin Corp (ABTC) operates as a firm focused on strategically accumulating and mining Bitcoin. The company was established through the consolidation of American Data Centers and Hut 8’s mining division. Its core mission is to boost its Bitcoin holdings on a per-share basis, which it achieves through a two-pronged approach: maintaining robust, large-scale mining operations and executing tactical Bitcoin acquisitions when market conditions are favorable. ABTC commenced trading publicly on the Nasdaq exchange in September 2025, an event that occurred after its merger with Gryphon Digital Mining.
Sector: Finance Services
Industry: Financial - Capital Markets
American Bitcoin Corp
NASDAQ:ABTCFinancial Services · Financial - Capital Markets
+7.48%$6.61
CLOSED · Nov 3Prev close$6.15+7.48%Close$6.61-4.08%AH close$6.34
AH$6.34-4.08%vs close
Mkt Cap$481.34M
Float21.75M
O/S72.82M
VOL863K sh
$ Vol$5.64M
RVOL0.95×
Inst Own5.3%
SI17.7%
Dilution
Financials Summary
Revenue$185.16M
Net Income-$153.17M
Total Assets$1.25B
Free Cash Flow-$79.61M
Debt & Equity
Debt 22%
Equity 78%
Total Debt$188.4M
Total Equity$665.82M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:15
Nasdaq bars a compliance period at 1:250
- 1:15Reverse splitJul 6, 202615 shares → 1
Balance Sheet Details
Assets$1.25B
Liabilities$580.69M
Accounts Receivable$2.94M
Accounts Payable$1.96M
Inventory$0
PP&E (Net)$508.41M
Goodwill$154.43M
Intangible Assets$998K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-06-30 | 2018-12-31 | 2017-12-31 |
| Revenue | $185.16M | $71.54M | $64.98M | $65.7M | $17.63M | $15.65M | $10.92M | $0 | $0 |
| YoY Growth | 158.8% | 10.1% | -1.1% | 272.7% | 12.6% | 43.3% | - | - | - |
| Cost of Revenue | $92M | $39.51M | $43.61M | $42.39M | $12.61M | $10.3M | $4.63M | $0 | $0 |
| Gross Profit | $93.16M | $32.03M | $21.37M | $23.31M | $5.02M | $5.35M | $6.29M | $0 | $0 |
| Gross Margin | 50.3% | 44.8% | 32.9% | 35.5% | 28.5% | 34.2% | 57.6% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $5.89M | $6.33M | $5.57M | $0 | $0 |
| Selling, General, and Administrative | $33.39M | $34.49M | $34.2M | $18.36M | $15.01M | $16.52M | $13.14M | $906K | $2K |
| Other | $287.76M | -$486.56M | -$19.06M | $89.37M | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $321.15M | -$452.07M | $15.13M | $107.73M | $20.9M | $22.86M | $18.7M | $906K | $2K |
| Operating Income (EBIT) | -$227.99M | $484.1M | $6.24M | -$84.42M | -$15.89M | -$17.5M | -$12.42M | -$906K | -$2K |
| Operating Margin | -123.1% | 676.7% | 9.6% | -128.5% | -90.1% | -111.8% | -113.7% | - | - |
| Interest Expense | $0 | $3.49M | $8.81M | $20.18M | $1.53M | $396K | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $10K | $91K | $960K | $0 |
| Other Income (Expense) | $56.7M | $9.26M | $14.57M | -$20.18M | -$17.46M | -$16.43M | $109K | $952K | $0 |
| Income Before Tax (EBT) | -$171.29M | $493.36M | $20.81M | -$104.6M | -$33.34M | -$33.93M | -$12.31M | $46K | -$2K |
| Income Tax Expense | -$18.11M | $59.61M | -$18.8M | -$392K | -$2.26M | $400 | $0 | $76K | $0 |
| Net Income | -$153.17M | $428.94M | $39.61M | -$104.21M | -$31.33M | -$33.91M | -$12.31M | -$30K | -$2K |
| Net Income Margin | -82.7% | 599.6% | 61.0% | -158.6% | -177.7% | -216.7% | -112.7% | - | - |
| Supplementary Data | |||||||||
| EPS | -2.55 | 7.05 | 0.65 | -1.65 | -733065.00 | -63401.10 | -61070.70 | -123.30 | -7.20 |
| Diluted EPS | -2.55 | 7.05 | 0.65 | -1.65 | -733065.00 | -63401.10 | -61070.70 | -123.30 | -7.20 |
| Weighted Average OS | 60.34M | 60.57M | 60.57M | 60.57M | 43 | 535 | 201 | 243 | 216 |
| EBITDA | -$113.05M | $519.59M | $44.03M | -$80M | -$10.71M | -$13.49M | -$12.42M | -$906K | -$2K |
| EBITDA Margin | -61.1% | 726.3% | 67.8% | -121.8% | -60.8% | -86.2% | -113.7% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-06-30 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $3.82M | $0 | $923K | $7.88M | $13.09M | $18.34M | $22.37M | $4K |
| Short-Term Investments | $0 | $92.39M | $3.41M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.82M | $92.39M | $4.33M | $7.88M | $13.09M | $18.34M | $22.37M | $4K |
| Accounts Receivable | $2.94M | $0 | $486K | $448K | $1.41M | $2.58M | $1.58M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $23K | $50.03M | $292K | $2.23M | $3.32M | $1.39M | $0 | $0 |
| Total Current Assets | $8.92M | $153.12M | $5.4M | $10.72M | $18.09M | $22.55M | $24.52M | $21K |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $508.41M | $43.09M | $12.92M | $49K | $66K | $1.19M | $0 | $0 |
| Goodwill | $154.43M | $0 | $0 | $0 | $32.84M | $41.87M | $0 | $0 |
| Intangible Assets | $998K | $53.08M | $100K | $0 | $13.49M | $11.31M | $0 | $0 |
| Long-Term Investments | $229.64M | $857.11M | $25K | $0 | $226K | $234K | $0 | $58.45M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K |
| Other Long-Term Assets | $344.12M | -$1 | $420K | $8.7M | $29.77M | $0 | $0 | $0 |
| Total Long-Term Assets | $1.24B | $953.28M | $13.46M | $8.75M | $76.4M | $54.62M | $0 | $58.45M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.25B | $1.11B | $18.86M | $19.47M | $94.48M | $77.17M | $24.52M | $58.47M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $1.96M | $876K | $2.23M | $1.42M | $1.72M | $514K | $1.32M | $0 |
| Short-Term Debt | $0 | $0 | $14.87M | $13.2M | $13.2M | $11.71M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $400K | $569K | $872K | $844K | $624K | $0 |
| Other Current Liabilities | $56.54M | $46.42M | $1.53M | $6.99M | $11.73M | $2.36M | $146K | $314K |
| Total Current Liabilities | $111.59M | $50.34M | $19.43M | $22.51M | $29.17M | $15.74M | $2.44M | $392K |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $0 | $0 | $0 | $1.41M | $4.11M | $3.9M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $162K | $246K | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $40.99M | $0 | $0 | $675K | $0 | $0 | $0 |
| Other Long-Term Liabilities | $332.3M | $0 | $0 | $217K | $337K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $469.1M | $40.99M | $41.45M | $1.79M | $5.36M | $3.9M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $580.69M | $91.33M | $19.43M | $24.29M | $34.53M | $19.64M | $2.44M | $392K |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $2.19M | $2.37M | $20.41M | $0 | $0 |
| Common Stock | $97K | $0 | $3K | $23 | $155 | $2K | $1K | $53.08M |
| Retained Earnings | -$52.55M | $0 | -$47.17M | -$167.57M | -$88.51M | -$57.87M | -$25.25M | -$32K |
| Comprehensive Income & Other | $0 | -$48.35M | $11M | $347K | $62K | -$91K | $0 | $0 |
| Other Stockholders' Equity | $718.27M | $1.02B | $46.6M | $162.74M | $148.46M | $115.4M | $47.33M | $5.03M |
| Total Equity | $665.82M | $1.02B | -$574K | -$4.83M | $59.95M | $57.53M | $22.08M | $58.08M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.25B | $1.11B | $18.86M | $19.47M | $94.48M | $77.17M | $24.52M | $58.47M |
| Supplementary Data | ||||||||
| Total Debt | $188.4M | $0 | $14.87M | $14.61M | $17.3M | $15.6M | $0 | $0 |
| Net Debt | $184.57M | $0 | $13.95M | $6.73M | $4.22M | -$2.74M | -$22.37M | -$4K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-06-30 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$153.17M | $433.75M | -$28.6M | -$46.28M | -$31.08M | -$33.91M | -$12.31M | -$30K |
| Depreciation & Amortization | $58.24M | $22.74M | $14.41M | $4.42M | $5.17M | $4.01M | $0 | $0 |
| Deferred Income Tax | -$25.24M | $58.72M | $0 | $0 | -$2.27M | $0 | $0 | -$2K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | -$2.2M | $0 | -$456K | $198K | $850K | $1.01M | -$1.67M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$22.23M | $13.97M | $1.97M | -$324K | $1.61M | -$2.5M | $767K | $0 |
| Other Working Capital | $53.49M | -$2.31M | $18.26M | -$2.52M | -$1.02M | -$742K | -$70K | $374K |
| Total Working Capital Change | $29.06M | $11.66M | $19.77M | -$2.65M | $1.44M | -$2.23M | -$972K | $374K |
| Other Non-Cash Items | $11.51M | -$580.91M | -$2.57M | $33.6M | $18.57M | $23.43M | $4.23M | -$952K |
| Net Cash from Operating | -$79.61M | -$54.03M | $3.01M | -$10.9M | -$8.17M | -$8.71M | -$9.05M | -$609K |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | -$35.68M | -$1.89M | -$4.38M | -$5.47M | -$1.86M | $0 | $0 |
| Acquisitions | $894K | $0 | $0 | $400K | -$5.02M | -$5.28M | $0 | $0 |
| Purchases of Investments | -$405.15M | -$100.71M | $0 | $0 | $0 | $0 | $0 | -$57.5M |
| Sales of Investments | $3.43M | $69.8M | $0 | $5K | $0 | $0 | $0 | $0 |
| Other Investing Activities | $2.56M | $0 | -$360K | $0 | $0 | $0 | $18.84M | $0 |
| Net Cash from Investing | -$398.26M | -$66.59M | -$2.25M | -$3.97M | -$10.49M | -$7.14M | $18.84M | -$57.5M |
| Financing Activities | ||||||||
| Debt Repaid | - | $11.48M | - | -$2.86M | -$13.43M | $1.5M | - | - |
| Common Stock Issuance | $443.03M | $0 | $0 | $11.03M | $1.83M | $11.03M | $10M | $58.22M |
| Common Stock Repurchases | $0 | $0 | $0 | -$5.25M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $38.66M | $132.1M | -$109K | -$10K | -$520K | $0 | $0 | -$130K |
| Net Cash from Financing | $481.69M | $120.62M | -$109K | $8.64M | $14.74M | $9.53M | $10M | $58.09M |
| Forex Effect | $0 | -$923K | -$7.6M | $1.03M | -$1.34M | $2.29M | $2.57M | $0 |
| Net Change in Cash | $3.82M | -$923K | -$6.95M | -$5.21M | -$5.25M | -$4.03M | $22.36M | -$21K |
| Supplementary Data | ||||||||
| Operating Cash Flow | -$79.61M | -$54.03M | $3.01M | -$10.9M | -$8.17M | -$8.71M | -$9.05M | -$609K |
| Capital Expenditure | $0 | -$35.68M | -$1.89M | -$32K | -$39K | -$12K | $5 | $0 |
| Free Cash Flow | -$79.61M | -$89.71M | $1.12M | -$10.93M | -$8.21M | -$8.72M | -$9.05M | -$609K |
| Cash at Beginning | $0 | $923K | $7.88M | $13.09M | $18.34M | $22.37M | $4K | $25K |
| Cash at End | $3.82M | $0 | $923K | $7.88M | $13.09M | $18.34M | $22.37M | $4K |