Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Abits Group ( (ABTS) ) just unveiled an announcement.
On February 13, 2025, Abits Group Inc’s board of directors approved significant changes to its share structure, including amending the company’s memorandum and articles of association to allow for an unlimited number of ordinary and preferred shares without par value. This amendment became effective on February 17, 2025. Additionally, the company announced a one-for-fifteen share consolidation of its ordinary and preferred shares to comply with NASDAQ’s listing standards, effective March 10, 2025. This consolidation reduces the number of outstanding shares significantly, impacting shareholders and the company’s market presence.
More about Abits Group
Abits Group Inc, formerly known as Moxian (BVI) Inc, is a digital company based in the British Virgin Islands. It emerged from a merger with Moxian, Inc. in August 2021. The company is engaged in bitcoin mining and related services in the United States, operating through its wholly owned subsidiary, ABIT USA, Inc., with self-mining operations in Tennessee.
YTD Price Performance: -46.00%
Average Trading Volume: 263,952
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.5M
See more insights into ABTS stock on TipRanks’ Stock Analysis page.