Abits Group Inc (ABTS) Form 6-K — Oct 15, 2026
Abits Group reported H1 2026 revenue of $3.20 million, down about 20% year-over-year, with a pre-tax loss of $2.54 million versus $0.34 million a year earlier as Duff-site BTC output fell 23% and revenue from that site dropped 46% on the bitcoin downturn. The company held just $79,007 in cash at June 30, 2026 and responded with aggressive financing: a $2.1 million February offering at $2.65 per share, followed by a September 14 convertible note of $16.47 million principal for up to $14 million, carrying a 15% OID, 13% interest, and a $7.5 million commitment fee paid in pre-funded warrants for 5.36 million shares.
Key figures
- Eps
- -$0.79
- Revenue
- 3195414
- Total Debt
- 2304417
- Revenue Yoy
- -20%
- Total Assets
- 9163181
- Cash Position
- 79007
- Interest Rate
- 13%
- Shares Outstanding
- 3214445
- Btc holdings
- 24.67 BTC vs 15.99 BTC at Dec 31 2025 (+54%)
- Commitment fee
- $7.5M paid via pre-funded warrants for 5,357,143 shares
- Duff btc output
- 25.63 coins vs 33.33 in H1-2025 (-23%)
- Arc voting power
- approximately 47%
- Direct costs yoy
- +48% ($1.86M to $2.76M)
- Duff revenue yoy
- -46% ($3.37M to $1.81M)
- February offering
- $2.1M at $2.65/share (792,452 shares/pre-funded warrants)
- Memphis btc output
- 15.58 coins, $1.2M revenue
- Pre tax loss h1 2025
- 340002
- Pre tax loss h1 2026
- 2540975
- Original issue discount
- 15%
- Convertible note purchase price
- up to $14,000,000, tranches of $8.0M, up to $2.5M and up to $3.5M
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.