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ABTC

American Bitcoin Corp

ABTC

American Bitcoin Corp • NASDAQ
$4.24 ▲ 0.95% (+0.04)
Market Cap $828.41 M
52w High $14.65
52w Low $0.63
Dividend Yield 0%
P/E 23.56
Volume 2.27M
Outstanding Shares 195.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $1.377M ▼ $1.686M ▼ $-5.257M ▲ -381.772% ▲ $-0.35 ▲ $-4.736M ▲
Q1-2025 $12.338M ▲ $135.64M ▲ $-100.623M ▼ -815.554% ▼ $-0.44 ▼ $-107.667M ▼
Q4-2024 $3.845M ▲ $3.682M ▲ $401K ▲ 10.429% ▲ $0.038 ▲ $2.152M ▲
Q3-2024 $3.689M ▼ $2.536M ▼ $-5.948M ▼ -161.236% ▼ $-0.73 ▼ $-2.764M ▼
Q2-2024 $5.515M $3.968M $-4.009M -72.693% $-0.51 $-427K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.667M ▼ $6.197M ▼ $17.188M ▲ $-10.991M ▼
Q1-2025 $2.417M ▲ $8.979M ▲ $16.641M ▲ $-7.662M ▼
Q4-2024 $1.866M ▲ $7.632M ▲ $14.642M ▼ $-7.01M ▲
Q3-2024 $1.094M ▼ $7.545M ▼ $26.408M ▲ $-18.863M ▼
Q2-2024 $2.324M $11.448M $25.439M $-13.991M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-5.257M ▲ $-879K ▲ $-35K ▼ $1.274M ▼ $-903K ▼ $-879K ▲
Q1-2025 $-100.623M ▼ $-44.653M ▼ $5.992M ▲ $38.661M ▲ $846K ▲ $-44.653M ▼
Q4-2024 $401K ▲ $-1.028M ▲ $-1.243M ▼ $2.638M ▲ $367K ▲ $-1.028M ▲
Q3-2024 $-5.948M ▼ $-1.586M ▼ $-550K ▲ $1.285M ▲ $-851K ▼ $-1.586M ▼
Q2-2024 $-4.009M $201K $-954K $235K $-518K $-874K

Five-Year Company Overview

Income Statement

Income Statement ABTC’s income statement shows a business still in its early, build‑out phase. Reported revenues remain very small, and gross profit is also modest, suggesting limited scale so far. The most recent year shows a sharp swing to positive operating and net income, which is likely driven by non‑recurring or non‑core items (for example, accounting gains, revaluations, or one‑time transactions) rather than a suddenly mature operating business. Earnings per share figures look extremely volatile and distorted, reinforcing that profitability is not yet stable or predictable and should be treated with caution.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully in the most recent year, with total assets and equity both stepping up. This likely reflects capital raises, contributions from the parent/partner, or revaluations rather than organic cash generation. Debt remains low relative to equity, which limits financial leverage risk, but the company holds very little cash, which raises questions about day‑to‑day liquidity and reliance on external funding. A large share of value is probably tied up in Bitcoin‑related assets and mining infrastructure, which can be volatile in price and subject to rapid technology shifts.

Cash Flow

Cash Flow Cash flow is consistently negative from operations, showing that the core business does not yet fund itself and is consuming cash. Free cash flow is also negative each year, as even modest investment spending adds to the cash burn. This pattern means the company depends on raising capital from investors or lenders to keep scaling and to pursue its Bitcoin accumulation strategy. The key issue to watch is whether operational cash burn narrows over time and how often the company needs to tap the market for new funds, especially through share issuance.

Competitive Edge

Competitive Edge ABTC operates in a fiercely competitive, commodity‑like Bitcoin mining industry where power cost, hardware efficiency, and scale drive advantage. Its asset‑light partnership with Hut 8 gives it access to established infrastructure, advanced mining equipment, and operational expertise, which can support lower production costs and faster scaling than starting from scratch. High‑profile branding and political connections may support visibility, access to deals, and potentially regulatory navigation, but they can also attract scrutiny. As a Nasdaq‑listed vehicle focused on Bitcoin accumulation rather than just mining and selling, ABTC targets a differentiated investor audience, yet it still faces intense competition from larger, better capitalized miners and from alternative ways investors can gain Bitcoin exposure.

Innovation and R&D

Innovation and R&D Innovation at ABTC is mostly operational and strategic rather than traditional lab‑style R&D. The dual model of both mining and opportunistically buying Bitcoin is a notable design choice that seeks flexibility across market cycles. Leveraging Hut 8’s liquid‑cooled, high‑density miners and data centers gives ABTC exposure to cutting‑edge mining efficiency without owning all the infrastructure itself. The company also hints at a broader Bitcoin ecosystem strategy beyond pure mining and treasury, though that third “layer” is still high‑level and unproven. Overall, the innovation story is promising but rests heavily on execution—actually delivering the planned growth in mining capacity and Bitcoin holdings while keeping costs controlled and dilution manageable.

Summary

ABTC is essentially a high‑beta vehicle on the Bitcoin ecosystem, built around an accumulation‑first philosophy and an asset‑light partnership model. Financial statements show that the business is not yet self‑funding; cash burn and dependence on outside capital remain central realities, and recent accounting profits may not reflect durable, cash‑backed earnings. The balance sheet has grown, but liquidity is thin and much of the value is tied to a single, volatile asset class. On the positive side, access to public markets, a strong operating partner in Hut 8, and a clear, focused strategy could offer leverage if Bitcoin’s long‑term trajectory is favorable and if ABTC executes well. Key risks include sustained cash burn, dilution from new equity issuance, regulatory shifts, concentration on Bitcoin, and tough competition from other miners and Bitcoin investment vehicles.

NEWS

November 14, 2025 · 6:30 AM UTC

American Bitcoin Reports Third Quarter 2025 Results

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November 7, 2025 · 6:30 AM UTC

American Bitcoin Adds 139 Bitcoin, Increasing Strategic Reserve to 4,004 Bitcoin

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November 5, 2025 · 6:36 AM UTC

Eric Trump to Speak at Blockchain Futurist Conference Florida 2025

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October 30, 2025 · 5:00 PM UTC

American Bitcoin Schedules Third Quarter 2025 Earnings Release and Conference Call

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October 27, 2025 · 6:30 AM UTC

American Bitcoin Acquires 1,414 Bitcoin and Increases Strategic Reserve to 3,865 Bitcoin

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