American Bitcoin Corp (ABTC) AI Stock Analysis

• Market Cap: $1.23B
• Dividend Yield: N/A
• Average Volume (3M): 6.16M
• Price to Earnings (P/E): ―
• Beta (1Y): 4.60
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 3
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -0.35
• Shares Outstanding: 176,363,240
• 10 Day Avg. Volume: 5,547,096
• 30 Day Avg. Volume: 6,158,151
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.06
• Enterprise Value/Revenue: 6.76
• Enterprise Value/Gross Profit: 24.61
• Enterprise Value/Ebitda: -6.71
• 1Y Price Target: $7.50
• Price Target Upside: 13.98% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 53 Neutral
• Price Target: $7.50 ▲(13.98% Upside)

The overall stock score for Gryphon Digital Mining is primarily influenced by its weak financial performance, with significant challenges in profitability and a concerning balance sheet. Technical analysis provides some optimism with bullish indicators, but the valuation remains unattractive due to negative earnings. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Sustainable Mining Practices

By using renewable energy, Gryphon positions itself as a leader in sustainable mining, appealing to environmentally-conscious investors and potentially benefiting from regulatory incentives.

Revenue Growth Potential

Significant revenue growth indicates strong demand and operational expansion, which can lead to improved market position and long-term financial performance if sustained.

Reduced Leverage

Reduced leverage enhances financial flexibility and reduces risk, allowing Gryphon to invest in growth opportunities without the burden of high-interest obligations.

Negative Factors

Negative Equity Position

A negative equity position raises concerns about Gryphon's financial health, limiting its ability to secure financing and invest in growth, potentially threatening its long-term viability.

Operational Losses

Continued operational losses indicate inefficiencies and financial strain, which could hinder Gryphon's ability to sustain operations and invest in future growth.

Negative Cash Flow

Negative free cash flow suggests Gryphon is not generating sufficient cash to cover its expenses, posing a risk to its ability to fund operations and growth initiatives without external financing.

American Bitcoin Corp Business Overview & Revenue Model

Company Description

Gryphon Digital Mining (GRYP) is a leading cryptocurrency mining company that focuses on sustainable and environmentally friendly mining practices. Operating primarily in the digital assets sector, Gryphon leverages renewable energy sources to power its mining operations, positioning itself as a green alternative in the rapidly evolving blockchain industry. The company specializes in Bitcoin mining and utilizes advanced technology and efficient processes to optimize its mining capabilities.

How the Company Makes Money

Gryphon Digital Mining generates revenue primarily through the mining of Bitcoin and other cryptocurrencies. The company operates mining farms that use high-performance hardware to solve complex mathematical problems, earning Bitcoin rewards for successful validations on the blockchain. Additionally, Gryphon capitalizes on the volatility and price appreciation of cryptocurrencies, which can significantly enhance its earnings. Key revenue streams include the direct sale of mined Bitcoin, potential partnerships with renewable energy providers to lower operational costs, and possible collaborations with other blockchain projects that can provide ancillary revenue opportunities. The company’s commitment to sustainability not only attracts environmentally-conscious investors but may also lead to incentives or partnerships that further bolster its financial performance.

American Bitcoin Corp Financial Statement Overview

Summary

Gryphon Digital Mining is facing substantial financial challenges. Despite growth in revenue, profitability metrics are weak, with ongoing operational losses. The balance sheet is concerning due to negative equity, although reduced leverage is a positive. Cash flow has shown some improvement, but the company remains in a fragile state financially, requiring careful management to restore stability.

Income Statement

Gryphon Digital Mining has experienced volatility in revenue and profitability. The revenue growth from 2023 to 2024 was significant, but the company has struggled to maintain consistent gross profit margins. Both EBIT and EBITDA margins are negative, indicating operational challenges. The net profit margin remains negative, highlighting ongoing financial difficulties.

Balance Sheet

The company's balance sheet shows signs of instability, with negative stockholders' equity indicating a potential risk of insolvency. The absence of debt in 2024 suggests a reduction in leverage, but the negative equity position raises concerns about financial health. The equity ratio is negative, underscoring the precarious financial position.

Cash Flow

Gryphon Digital Mining's cash flow statement reflects some positive changes, such as a significant increase in operating cash flow in 2024. However, free cash flow remains negative, and the company has faced challenges in generating consistent cash flows. The operating cash flow to net income ratio indicates substantial cash flow relative to net losses, suggesting potential for improvement.

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

• Technical Analysis Sentiment: Neutral
• Last Price: 6.58
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABTC, the sentiment is Neutral. The current price of 6.58 is below the 20-day moving average (MA) of 7.53, below the 50-day MA of 6.72, and above the 200-day MA of 3.78, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.32 is Neutral, neither overbought nor oversold. The STOCH value of 11.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ABTC.

American Bitcoin Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MARA	62 Neutral	5.98B	14.45	14.17%	―	41.32%	-12.83%
BTBT	62 Neutral	948.23M	-8.57	6.11%	―	14.65%	-240.80%
ABTC	53 Neutral	$1.23B	―	―	―	―	―
MIGI	46 Neutral	10.42M	-0.38	300.74%	―	-11.36%	64.27%
GREE	41 Neutral	26.49M	-1.08	35.49%	―	-18.74%	―
ARBK	37 Underperform	17.06M	-0.28	―	―	-13.86%	-32.19%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

American Bitcoin Corp Corporate Events

Gryphon Digital Mining Launches $2.1 Billion Equity Offering

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.

Gryphon Digital Mining Completes Merger to Form American Bitcoin Corp

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.

Gryphon Digital Mining to Merge with American Bitcoin Corp

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.

Gryphon Digital Mining Approves Merger with American Bitcoin

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.

Gryphon Digital Mining Announces Director Resignation

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.

Gryphon Digital Mining Regains Nasdaq Compliance

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.

Gryphon Digital Mining Assigns Captus Agreement Rights

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.