Abits Group Names Kai Zhang Chief Financial Officer as Veteran CFO Retires

The latest announcement is out from Abits Group ( (ABTS) ).

Abits Group Inc announced that its long-serving Chief Financial Officer, Wanhong Tan, tendered his resignation on December 17, 2025, due to retirement, with his departure effective December 31, 2025, and confirmed that his exit did not arise from any disagreement with management or the board. On December 24, 2025, the board appointed Kai Zhang, previously the company’s finance department manager with experience in securities analysis and corporate accounting, as CFO effective January 1, 2026, a move that signals continuity in Abits Group’s financial reporting and governance as it transitions leadership in a key executive role.

The most recent analyst rating on (ABTS) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Abits Group stock, see the ABTS Stock Forecast page.

Spark’s Take on ABTS Stock

According to Spark, TipRanks’ AI Analyst, ABTS is a Neutral.

The score is primarily held back by continued net losses and negative free cash flow despite improving operating cash flow and a debt-free balance sheet. Technical indicators are bearish (price below key moving averages and negative MACD), and valuation is constrained by a negative P/E, keeping the overall outlook cautious.

To see Spark’s full report on ABTS stock, click here.

More about Abits Group

Abits Group Inc is a British Virgin Islands-incorporated holding company with operating subsidiaries in Hong Kong, the United States and mainland China, including Abit Hong Kong Limited, Abit USA, Inc., Abits Inc. and Beijing Bitmatrix Technology Co. Ltd., and is listed in the United States as a foreign private issuer under the Securities Exchange Act of 1934.

Average Trading Volume: 38,559

Technical Sentiment Signal: Strong Sell

Current Market Cap: $12.3M

For a thorough assessment of ABTS stock, go to TipRanks’ Stock Analysis page.