American Bitcoin Corp. SEC 10-Q Report

American Bitcoin Corp., a leading player in the Bitcoin mining industry, has released its latest Form 10-Q report, showcasing substantial financial and operational improvements. The report highlights the company's enhanced Bitcoin mining operations, strategic business combinations, and future growth plans.

Financial Highlights

• Revenue: $64.22 million, reflecting a significant increase from $11.61 million in the same period last year, driven by enhanced Bitcoin mining operations.
• Operating Income (Loss): $7.199 million, compared to a loss of $(10.191) million in the prior year, indicating improved operational efficiency.
• Net Income (Loss) from Continuing Operations: $3.475 million, up from a loss of $(576) thousand, showcasing a turnaround in profitability.
• Net Income (Loss): $3.475 million, compared to a net loss of $(576) thousand in the previous year, highlighting overall financial improvement.
• Net Income Per Share: $(0.10), reflecting the impact of increased shares outstanding post-business combination.

Business Highlights

• Business Combination with Gryphon Digital Mining, Inc.: On September 3, 2025, American Bitcoin Corp. completed a business combination with Gryphon Digital Mining, Inc., resulting in Gryphon being renamed to American Bitcoin Corp. This transaction was accounted for as a reverse acquisition, with Historical ABTC identified as the accounting acquirer.
• Bitcoin Mining Operations: The company operates application-specific integrated circuit (ASIC) miners for Bitcoin mining and has accumulated a Bitcoin reserve. As of September 30, 2025, the company held 3,418 Bitcoin, with 2,385 pledged as collateral.
• New Production Launches: The company entered into an On-Rack Sales and Purchase Agreement with Bitmain to purchase approximately 17,280 Bitmain Antminer U3S21EXPH ASIC miners, representing a total of approximately 14.86 exahash per second (EH/s).
• Strategic Bitcoin Reserve: Starting April 1, 2025, the company began to build its own strategic Bitcoin reserve through Bitcoin mining and at-market Bitcoin purchases, accumulating 3,418 Bitcoin as of September 30, 2025.
• Master Colocation and Management Services Agreements: The company entered into agreements with its Parent for colocation, hosting, management, oversight, strategy, compliance, operational, and other services for its Bitcoin mining operations.
• Future Outlook: The company plans to continue expanding its strategic Bitcoin reserve and has entered into agreements to increase its mining capacity with new ASIC miners from Bitmain. The company is also focused on optimizing its operational efficiency through strategic partnerships and service agreements.

SEC Filing: American Bitcoin Corp. [ ABTC ] - 10-Q - Nov. 14, 2025