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The latest update is out from Abits Group ( (ABTS) ).
On May 29, 2025, Abits Group Inc announced its unaudited operating results for the first quarter of 2025, revealing a 17.2% decline in revenue compared to the previous year, attributed to a 50.4% drop in mining output due to the halving of mining rewards. Despite this, the company maintained a satisfactory gross profit margin of 46.1%, aided by higher bitcoin market prices. Additionally, the company secured a $3 million loan in March 2025 to acquire new mining equipment, expected to enhance future revenue with operations commencing in the second quarter.
Spark’s Take on ABTS Stock
According to Spark, TipRanks’ AI Analyst, ABTS is a Neutral.
Abits Group’s overall stock score is primarily impacted by weak financial performance, characterized by persistent losses and negative cash flows. The technical analysis provides some hope for stabilization or minor gains, but the valuation metrics reflect deep financial challenges. The lack of additional insights from the earnings call further underscores the need for strategic improvements to drive future performance.
To see Spark’s full report on ABTS stock, click here.
More about Abits Group
Abits Group Inc operates in the cryptocurrency mining industry, focusing on mining operations and related services. The company is involved in the production of digital coins, leveraging advanced mining equipment and facilities.
Average Trading Volume: 161,806
Technical Sentiment Signal: Sell
Current Market Cap: $9.98M
For detailed information about ABTS stock, go to TipRanks’ Stock Analysis page.
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