ABITS GROUP Inc Reports Unaudited Financial Results for the First Half of 2026
Abits Group reported H1 2026 revenue of $3.20 million, down about 20% year-over-year, with the pre-tax loss widening to $2.54 million from $0.34 million a year earlier. Bitcoin production at the Duff site fell 23% to 25.63 coins, and BTC revenue dropped 46% amid a depressed bitcoin market, while direct costs rose 48% on full recognition of Memphis hosting fees. The company holds 24.67 self-mined BTC, up 54% from year-end 2025, but cash was just $79,007 at June 30, making the $14 million convertible note financing with an institutional investor critical to liquidity.
Key figures
- Revenue
- 3195414
- Revenue Yoy
- -20%
- Cash
- 79007
- Pretax loss
- 2540975
- Btc holdings
- 24.67 BTC
- Direct costs
- 2759655
- Total assets
- 9163181
- Loss after tax
- 2551089
- Direct costs yoy
- 48%
- Btc produced duff
- 25.63 coins
- Pretax loss prior
- 340002
- Btc produced memphis
- 15.58 BTC
AI analysis
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