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ABTS

Abits Group Inc.

ABTS

Abits Group Inc. • NASDAQ
$5.57 ▼ -6.92% (-0.41)
Market Cap $13.20 M
52w High $10.86
52w Low $0.25
Dividend Yield 0%
P/E -10.71
Volume 2.14K
Outstanding Shares 2.37M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $1.521M $-120.552K $-447.848K -29.448% $-0.19 $186.114K
Q3-2024 $1.521M ▼ $-120.552K ▼ $-447.848K ▼ -29.448% ▼ $-0.19 ▼ $186.114K ▼
Q2-2024 $1.835M $120.552K $-6.982K -0.381% $-0.003 $458.83K
Q1-2024 $1.835M ▲ $120.552K ▼ $-6.982K ▲ -0.381% ▲ $-0.003 ▲ $458.83K ▲
Q4-2023 $1.674M $776.456K $-9.082M -542.459% $-3.83 $448.81K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $1.119M $11.371M $990.346K $10.381M
Q3-2024 $1.119M ▲ $11.371M ▼ $990.346K ▲ $10.381M ▼
Q2-2024 $396.583K $12.202M $920.7K $11.281M
Q1-2024 $396.583K ▼ $12.202M ▼ $920.7K ▼ $11.281M ▼
Q4-2023 $884.199K $12.318M $1.006M $11.313M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-447.848K $1.194M $-830.135K $0 $0 $-104.696K
Q3-2024 $-447.848K ▼ $1.194M ▲ $-830.135K ▼ $0 $0 $-104.696K ▲
Q2-2024 $-6.982K $-235.117K $0 $0 $0 $-235.117K
Q1-2024 $-6.982K ▲ $-235.117K ▼ $0 ▲ $0 $0 ▲ $-235.117K ▲
Q4-2023 $-9.082M $2.767M $-3.357M $0 $-654.632K $-6.483M

Five-Year Company Overview

Income Statement

Income Statement Abits Group’s income statement shows a business that is still in the very early stages of generating revenue. Reported sales are minimal, and the company has recently been operating at a loss, although those losses appear to be narrowing over time. Profitability is not yet established, and results are highly dependent on the economics of Bitcoin mining, which can swing sharply with crypto prices and mining difficulty. Overall, the financial profile is that of a small, developing operation rather than a mature, stable earnings engine.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a small base of assets and equity and essentially no debt. This suggests a modest scale of operations and limited financial resources, but also a balance sheet that is not burdened by leverage. The absence of meaningful cash reserves, however, implies that the business may have little cushion to absorb setbacks or fund large new initiatives without external capital. Financial flexibility looks limited and closely tied to future funding and operating performance.

Cash Flow

Cash Flow Cash flows mirror the early-stage profile: operating cash generation has been weak or near break-even, and past investment spending has at times pulled free cash flow into negative territory. There is not yet a clear pattern of reliable, recurring cash inflows from the core business, which means the company may need to rely on financing or equity issuance to support expansion and cover costs. The transition from cash consumption to consistent cash generation remains a key uncertainty.

Competitive Edge

Competitive Edge Abits Group operates in the Bitcoin mining space, a field that is intensely competitive, capital-heavy, and very sensitive to energy prices and crypto cycles. Its key strengths appear to be a focus on newer, more efficient mining machines, U.S.-based facilities in Tennessee, and a hybrid model that combines mining for its own account with hosting services for others. These factors can support cost efficiency and diversify revenue. However, many rivals are pursuing similar strategies, barriers to entry are not particularly high for well-funded competitors, and long-term differentiation depends heavily on securing low-cost power, continually upgrading hardware, and managing through volatile Bitcoin markets.

Innovation and R&D

Innovation and R&D The company’s “innovation” is mostly practical and operational rather than based on proprietary research and development. It is investing in advanced mining rigs, hydro-cooled systems, and supporting infrastructure like large water reservoirs to improve performance and reliability. This can enhance efficiency and uptime but does not yet amount to a unique technological platform. There is little indication of in-house software, analytics, or novel blockchain services that would clearly separate Abits from other miners. The innovation focus is currently on scaling and optimizing existing mining technology rather than creating new products or entering adjacent digital-asset segments.

Summary

Abits Group is a small, early-stage Bitcoin miner pursuing an efficiency- and scale-driven growth strategy. Financially, it has limited assets, minimal revenue to date, ongoing but shrinking losses, and no meaningful debt, but also a thin cash cushion and no established record of strong cash generation. Competitively, it leans on modern hardware, U.S.-based operations, and a mix of self-mining and hosting services, all of which can help but are not unique in this sector. Its main advances are in infrastructure and hardware deployment rather than in proprietary technology or diversified digital-asset offerings. The company’s future trajectory will largely hinge on execution of its expansion plans, access to capital, cost of energy, and the inherently unpredictable Bitcoin environment.

NEWS

September 2, 2025 · 9:07 AM UTC

Abits Group Inc Reports Amended Unaudited Financial Statements for the First Half of 2025

Read more