American Bitcoin Corp (ABTC)
NASDAQ:ABTC
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American Bitcoin Corp
(NASDAQ:ABTC)
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Rating:43Neutral
Price Target:
$1.50
▲(53.06% Upside)
Action:ReiteratedDate:02/04/26
The score is held down primarily by weak financial quality (persistent negative margins and negative operating/free cash flow) and bearish technicals (below key moving averages with negative MACD and very low RSI/Stoch). Valuation is constrained by losses (negative P/E) and no stated dividend yield, while a positive corporate update provides only a limited offset.
Positive Factors
Scale of mining operations
Operating multiple US mining facilities provides durable production capacity and operational scale. That scale supports steady Bitcoin generation, bargaining power for energy and equipment contracts, and the ability to spread fixed costs, improving long-term unit economics versus smaller peers.
Negative Factors
Persistent negative margins
Consistent negative gross and operating margins indicate structural cost or efficiency issues. Without durable margin recovery, revenue growth won't translate into profits, constraining reinvestment, reducing shareholder returns, and risking longer-term viability if cost structure isn't corrected.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale of mining operations
Operating multiple US mining facilities provides durable production capacity and operational scale. That scale supports steady Bitcoin generation, bargaining power for energy and equipment contracts, and the ability to spread fixed costs, improving long-term unit economics versus smaller peers.
Read all positive factors
American Bitcoin Corp (ABTC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$911.93M
Dividend YieldN/A
Average Volume (3M)4.93M
Price to Earnings (P/E)―
Beta (1Y)5.22
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees3
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.06
Shares Outstanding195,380,100
10 Day Avg. Volume2,708,817
30 Day Avg. Volume4,928,932
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.80
Price to Sales (P/S)25.53
P/FCF Ratio-20.36
Enterprise Value/Market Cap1.12
Enterprise Value/Revenue12.53
Enterprise Value/Gross Profit29.77
Enterprise Value/Ebitda-12.44
Forecast
1Y Price Target
$4.00Price Target Upside308.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.06
Revenue Forecast (FY)$360.19M
American Bitcoin Corp Business Overview & Revenue Model
Company Description
A Bitcoin accumulation and mining company formed via the merger of American Data Centers and Hut 8’s mining division. It aims to maximize Bitcoin held per share through a dual strategy combining scaled mining operations with opportunistic Bitcoin ...
How the Company Makes Money
ABTC generates revenue primarily through Bitcoin mining operations, where it earns Bitcoin rewards for validating transactions on the blockchain. This is supplemented by income from trading activities, where the company profits from buying and sel...
American Bitcoin Corp Earnings Call Summary
Earnings Call Date:Mar 31, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a strategic pivot from Bitcoin mining to power generation for HPC and AI data centers, highlighted by the significant Captus acquisition. While the company has improved its financial position through debt restructuring and strategic shifts, increased breakeven costs and a notable net loss pose challenges.Positive Updates
Debt Restructuring with Anchorage Digital
The company converted $13 million of debt to equity at a premium to stock price, significantly improving cash flow by reducing monthly interest payments and making Anchorage the largest shareholder.
Negative Updates
Increased Breakeven Costs and Negative EBITDA
Breakeven costs per Bitcoin increased from $18,192 to $47,359, reflecting the halving event and a 66% increase in global hash rate. Adjusted EBITDA was approximately negative $5.5 million for 2024.
Read all updates
Q4-2024 Updates
Positive
Negative
Debt Restructuring with Anchorage Digital
The company converted $13 million of debt to equity at a premium to stock price, significantly improving cash flow by reducing monthly interest payments and making Anchorage the largest shareholder.
Read all positive updates
Company Guidance
During the Gryphon Digital Mining earnings call for the fourth quarter and full year 2024, the company outlined several key metrics and strategic shifts. Gryphon mined 334 Bitcoins in 2024, generating approximately $20.5 million in revenue, compared to 740 Bitcoins and $21.1 million in revenue in 2023. The breakeven cost per Bitcoin rose to $47,359 due to a halving event and a 66% increase in global hash rate. The adjusted EBITDA for 2024 was negative $5.5 million, impacted by $6 million in legal and marketing fees, a significant increase from $94,000 in 2023. A transformative debt restructuring with Anchorage Digital reduced liabilities by $13 million, and the company's cash and cash equivalents increased to $735,000 by year-end. Gryphon announced an acquisition agreement with Captus, aiming to develop up to 4 gigawatts of power for high-performance computing and AI infrastructure. The company plans to bring the first 130 megawatts online in 2026, emphasizing its strategic shift towards power generation and sustainable computing infrastructure.American Bitcoin Corp Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
45
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 81.78M | 71.54M | 64.98M | 65.70M | 17.63M | 15.65M |
| Gross Profit | 34.42M | 32.03M | 21.37M | 23.31M | 5.02M | 5.35M |
| EBITDA | -82.36M | 519.59M | 44.03M | -67.58M | -26.63M | -29.50M |
| Net Income | -102.00M | 428.94M | 39.61M | -104.21M | -31.33M | -33.91M |
Balance Sheet | ||||||
| Total Assets | 1.16B | 1.11B | 538.52M | 19.47M | 94.48M | 77.17M |
| Cash, Cash Equivalents and Short-Term Investments | 7.98M | 92.39M | 4.58M | 7.88M | 13.09M | 18.34M |
| Total Debt | 185.61M | 5.60M | 44.36M | 14.61M | 17.30M | 15.60M |
| Total Liabilities | 587.37M | 91.33M | 64.73M | 24.29M | 34.53M | 19.64M |
| Stockholders Equity | 575.45M | 1.02B | 473.78M | -4.83M | 59.95M | 57.53M |
Cash Flow | ||||||
| Free Cash Flow | -85.53M | -89.71M | -56.93M | -119.50M | -8.21M | -8.72M |
| Operating Cash Flow | -85.53M | -54.03M | -55.97M | -72.58M | -8.17M | -8.71M |
| Investing Cash Flow | -274.36M | -66.59M | 62.72M | 24.30M | -10.49M | -7.14M |
| Financing Cash Flow | 368.65M | 120.62M | -6.76M | 48.27M | 14.74M | 9.53M |
American Bitcoin Corp Technical Analysis
Negative
0.98
Price Trends
1.23
Negative
2.17
Negative
4.19
Negative
Market Momentum
-0.08
Negative
37.52
Neutral
14.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABTC, the sentiment is Negative. The current price of 0.98 is below the 20-day moving average (MA) of 1.05, below the 50-day MA of 1.23, and below the 200-day MA of 4.19, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 37.52 is Neutral, neither overbought nor oversold. The STOCH value of 14.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ABTC.
American Bitcoin Corp Risk Analysis
American Bitcoin Corp disclosed 67 risk factors in its most recent earnings report. American Bitcoin Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
American Bitcoin Corp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $5.90B | 27.05 | 18.76% | 1.66% | 3.96% | -20.33% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $514.64M | 1.58 | 22.65% | ― | 9.52% | 496.04% | |
54 Neutral | $5.75B | -6.51 | -21.05% | ― | 103.62% | 49.48% | |
53 Neutral | $6.43B | -1.92 | -107.05% | ― | 35.41% | -38.08% | |
46 Neutral | $3.15B | -2.43 | -30.59% | ― | 53.51% | 112.53% | |
43 Neutral | $911.93M | -9,981.68 | -2.75% | ― | ― | ― |
* Financial Sector Average
ABTC
American Bitcoin Corp
0.91
-0.02
-1.83%
RIOT
Riot Platforms
14.01
6.24
80.24%
MKTX
Marketaxess Holdings
166.72
-48.75
-22.62%
MARA
MARA Holdings
8.58
-5.06
-37.10%
BTBT
Bit Digital
1.44
-0.83
-36.56%
CIFR
Cipher Mining
14.35
11.81
464.96%
American Bitcoin Corp Corporate Events
Business Operations and StrategyFinancial Disclosures
American Bitcoin Corp Reports Strong Q3 2025 Results
Positive
Nov 4, 2025
On November 4, 2025, Hut 8 Corp, the majority owner of American Bitcoin Corp, reported financial results for the periods ending September 30, 2025, revealing significant Bitcoin acquisitions and financial performance metrics. American Bitcoin mine...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.