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Abits Group ( (ABTS) ) has issued an announcement.
On April 29, 2026, Abits Group Inc reported audited results for the year ended December 31, 2025, posting revenue of $9.13 million, up 37% from 2024, and gross profit of $3.68 million with a roughly 40% margin. The company mined 89.09 BTC in 2025, expanded its bitcoin holdings from 2.58 BTC to 15.99 BTC, and ended the year with total assets of $10.91 million and shareholders’ equity of $7.78 million.
Operationally, Abits launched a new Memphis, Tennessee facility in late March 2025 that generated $2.90 million in revenue, helped nearly double hash rate capacity, and supported a combined Tennessee hash rate of about 760 PH/s as of April 6, 2026. The miner reduced water costs at its Duff site by 48%, grew hosting revenue to $309,091, completed a $2.1 million registered direct offering in February 2026, and bolstered its leadership team with the appointment of Kai Zhang as chief financial officer effective January 1, 2026, underscoring a push for scale and efficiency despite post-halving headwinds in the bitcoin mining sector.
Spark’s Take on ABTS Stock
According to Spark, TipRanks’ AI Analyst, ABTS is a Neutral.
ABTS scores lower mainly due to a very weak technical trend (price below all key moving averages and negative momentum) and an earnings profile that remains loss-making (negative P/E). Offsetting factors are a improving operating performance trend, positive operating cash flow in 2023–2024, and a conservative balance sheet with no debt.
To see Spark’s full report on ABTS stock, click here.
More about Abits Group
Abits Group Inc is a British Virgin Islands-incorporated bitcoin mining company listed on Nasdaq under the ticker ABTS, operating through its wholly owned U.S. subsidiary Abit USA, Inc. The company runs self-owned and hosted bitcoin mining facilities in Tennessee, United States, focusing on both proprietary mining and third-party colocation hosting services to diversify its revenue streams.
Average Trading Volume: 700,420
Technical Sentiment Signal: Strong Sell
Current Market Cap: $3.83M
For a thorough assessment of ABTS stock, go to TipRanks’ Stock Analysis page.