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American Bitcoin Corp
(NASDAQ:ABTC)
American Bitcoin Corp (ABTC) vs. SPDR S&P 500 ETF (SPY)
American Bitcoin Corp Business Overview & Revenue Model
American Bitcoin Corp Earnings Call Summary
American Bitcoin Corp Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.47M | 71.54M | 64.98M | 10.46M | 17.63M | 15.65M |
| Gross Profit | 2.88M | 32.03M | 21.37M | 1.12M | 5.02M | 5.35M |
| EBITDA | -10.55M | 519.59M | 44.03M | -41.70M | -19.92M | -29.50M |
| Net Income | -17.08M | 428.94M | 39.61M | -79.06M | -31.33M | -33.91M |
Balance Sheet | ||||||
| Total Assets | 6.20M | 1.11B | 538.52M | 19.47M | 94.48M | 77.17M |
| Cash, Cash Equivalents and Short-Term Investments | 750.00K | 92.39M | 4.58M | 7.88M | 13.09M | 18.34M |
| Total Debt | 5.49M | 0.00 | 44.36M | 14.61M | 17.30M | 15.60M |
| Total Liabilities | 17.19M | 91.33M | 64.73M | 24.29M | 34.53M | 19.64M |
| Stockholders Equity | -10.99M | 1.02B | 473.78M | -4.83M | 59.95M | 57.53M |
Cash Flow | ||||||
| Free Cash Flow | -7.27M | -89.71M | -56.93M | -15.28M | -13.63M | -10.57M |
| Operating Cash Flow | -6.71M | -54.03M | -55.97M | -10.90M | -8.17M | -8.71M |
| Investing Cash Flow | -3.61M | -66.59M | 62.72M | -3.97M | -10.49M | -7.14M |
| Financing Cash Flow | 9.78M | 120.62M | -6.76M | 8.64M | 14.74M | 9.53M |
American Bitcoin Corp Technical Analysis
American Bitcoin Corp Risk Analysis
American Bitcoin Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $17.81B | 11.87 | 10.24% | 3.74% | 9.75% | 1.30% | |
63 Neutral | $797.15M | 8.82 | -11.34% | ― | 14.65% | -240.80% | |
55 Neutral | $5.60B | 13.61 | 18.26% | ― | 41.32% | -12.83% | |
53 Neutral | $571.34M | ― | ― | ― | ― | ||
44 Neutral | $18.49M | ― | 22.29% | ― | -18.74% | 39.95% | |
39 Underperform | $5.94M | ― | -461.16% | ― | -11.36% | 64.27% | |
37 Underperform | $18.41M | ― | 242.25% | ― | -13.86% | -32.19% |
American Bitcoin Corp Corporate Events
American Bitcoin Corp., a Delaware corporation, has initiated an ‘at-the-market’ equity offering program through a Controlled Equity Offering Sales Agreement with multiple agents. On September 3, 2025, the company filed a prospectus supplement with the SEC, allowing the sale of Class A common stock worth up to $2.1 billion. The sales will be conducted using commercially reasonable efforts, with agents receiving up to 3% of the gross proceeds. This move could significantly impact the company’s financial strategy and market positioning by providing substantial capital for growth and operations.
On September 3, 2025, the Combined Company announced the completion of its stock-for-stock merger with Gryphon Digital Mining, resulting in the debut of American Bitcoin Corp. on Nasdaq under the ticker symbol ‘ABTC’. This merger marks a significant milestone in the company’s strategy to become a premier public vehicle for Bitcoin accumulation, leveraging its partnership with Hut 8 to enhance operational efficiency and market positioning. The announcement also included changes in the company’s leadership, with appointments of new directors and executive officers, and the termination of previous loan agreements, indicating a strategic shift towards a more streamlined and focused business model.
On May 9, 2025, Gryphon Digital Mining entered into a merger agreement with American Bitcoin Corp. (ABTC), which is expected to close in early September 2025. This merger will result in Gryphon acquiring ABTC in a stock-for-stock transaction, with ABTC shareholders receiving a significant majority of the newly issued Gryphon stock. The merger aims to enhance Gryphon’s market position by expanding its Bitcoin mining capabilities and reserves. In the months leading up to the merger, ABTC has been actively expanding its Bitcoin reserves and mining operations, including a substantial purchase of Bitcoin miners from Bitmain Georgia. The merger is anticipated to have significant implications for Gryphon’s operations and market presence, potentially impacting stakeholders and the broader digital mining industry.
On August 27, 2025, Gryphon Digital Mining‘s stockholders approved a merger with American Bitcoin Corp., along with several related proposals during a Special Meeting. Following the merger, Gryphon will implement a 5-for-1 reverse stock split to meet Nasdaq’s listing requirements, which will reduce the number of outstanding shares and adjust equity awards and warrants accordingly. The company’s stock will trade under the American Bitcoin brand post-merger.
On June 10, 2025, Gryphon Digital Mining announced the resignation of Mr. Dan Tolhurst as a director, effective June 12, 2025. His resignation was not due to any disagreements with the company’s operations, policies, or practices.
On May 9, 2025, Gryphon Digital Mining entered into a merger agreement with American Bitcoin Corp. to form a combined company, which is expected to enhance their market positioning in the digital asset mining sector. Additionally, Gryphon regained compliance with Nasdaq listing requirements as of June 6, 2025, ensuring its continued presence on the Nasdaq Capital Market, which is crucial for maintaining investor confidence and market stability.
On June 2, 2025, Gryphon Digital Mining, Inc. and its subsidiary assigned their rights and obligations under the Captus Agreement to 2703444 Alberta Ltd., with mutual releases of liabilities. The Captus Management Team’s inducement shares were revoked as part of the agreement, and a conditional payment was arranged based on future power purchase contracts.