HONG KONG, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ: ABTS) (the “Company”), a new generation digital center with inhouse bitcoin mining operations, today announced the closing of the previously announced registered direct offering with institutional investors of approximately $2.1 million of Ordinary Shares and pre-funded warrants at a price of $2.65 per Ordinary Share. The entire transaction was priced at the market under Nasdaq rules. The offering consisted of the sale of 792,452 Ordinary ...

Abits Group (ABTS) entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of approximately $2.1M of Ordinary Shares and pre-funded warrants at a price of $2.65 per Ordinary Share. The entire transaction has been priced at the market under Nasdaq rules. The offering consisted of the sale of 792,452 Ordinary Shares or Pre-Funded Warrants. The public offering price per Ordinary Share is $2.65. The Pre-Funded Warrants will be immediately exerci ...

格隆汇2月23日｜比特币一度跌破6.5万美元，美股市场加密货币概念股普跌。其中，Abits跌超26%， iPower跌超24%，明成集团跌16%，灿谷、BitGo Holdings、Nakamoto跌超6%，嘉楠科技、Bit Origin跌 超5%，Robinhood、Strive跌超4%。 来源：格隆汇APP | 代码 | 名称 | 涨跌幅 ^ | 总市值 | | --- | --- | --- | --- | | ABTS | (0) Abits | -26.27% | 651.77万 | | IbM | iPower | -24.62% | 324.01万 | | MSW | 明成集团 | -16.00% | 1362.38万 | | PURR | HYPERLIQUID STRATE | -10.84% | 4.74亿 | | CANG | 加戈 | -6.97% | 2.92亿 | | BTGO | BitGo Holdings | -6.90% | 11.31亿 | | NAKA | Nakamoto | -6.39% | 1.53亿 | | CAN | 嘉楠科技 | -5.93% | 2.84亿 ...

HONG KONG, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ: ABTS) (the “Company”), a new generation digital center with inhouse bitcoin mining operations, today announced that it has entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of approximately $2.1 million of Ordinary Shares and pre-funded warrants at a price of $2.65 per Ordinary Share. The entire transaction has been priced at the market under Nasdaq rules. The offerin ...

Core Viewpoint - Abits Group Inc. reported solid operational progress in Q3 2025, driven by efficiencies at its Tennessee sites and favorable bitcoin prices, despite challenges in its joint-venture operations in Memphis [1][2]. Financial Performance - Total revenue for Q3 2025 reached $1.61 million, a 27.5% increase from $1.26 million in Q3 2024 [6][13]. - Profit from the self-owned mining operation in Duff was $0.76 million, up from $0.39 million in the same quarter last year [6]. - Operating profit before depreciation and overheads totaled $1.19 million, reflecting a 207.1% increase year-over-year [6]. - Loss before taxation narrowed to $0.29 million from a loss of $0.66 million in Q3 2024 [6][8]. Operational Highlights - The self-owned mine in Duff produced a total output of 13.61 bitcoins during the quarter [1]. - The joint-venture with Mendenhall LLC in Memphis faced higher electricity consumption during peak hours, prompting management to review operations [2][15]. - The company expects continued improvement in Memphis operations while the Duff mine is performing optimally [2]. Balance Sheet Overview - As of September 30, 2025, total assets amounted to $13.04 million, an increase from $11.37 million as of December 31, 2024 [5][7]. - Current assets were reported at $588.5 million, down from $1.68 million at the end of 2024 [5]. - Total liabilities increased to $3.31 million from $990,346 in the previous year [7]. Digital Assets - As of September 30, 2025, digital assets totaled $2.49 million, significantly up from $257,753 at the end of 2024 [5][9]. - The company reported a fair value change of digital assets amounting to $9,679 during the quarter [8]. Future Outlook - The company anticipates ongoing improvements in its operations, contingent on bitcoin price stability, which has shown signs of faltering in late 2025 [2]. - Abits Group believes it has established a solid operational base and is exploring further opportunities in the U.S. market [2].

Core Points - Abits Group Inc, a digital data center operator focused on bitcoin self-mining, held its 2025 Annual Meeting of Shareholders on November 21, 2025, in Hong Kong [1] - The company elected five new members to its Board of Directors and ratified the appointment of Audit Alliance LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2025 [3] Company Overview - Abits Group Inc, previously known as Moxian (BVI) Inc, was formed in May 2021 and is the result of a merger with Moxian, Inc. in August 2021 [1] - The company operates self-mining operations in Tennessee through wholly owned U.S. subsidiaries [1]

Core Points - Abits Group Inc will hold its 2025 annual meeting of shareholders on November 21, 2025, at 11:00 A.M. Hong Kong Time [1] - Shareholders as of the record date, close of business on October 17, 2025, are entitled to vote at the meeting [1] - The deadline for shareholders to submit proposals for consideration in a proxy statement is October 20, 2025 [2] - Abits Group Inc was formed after a merger with Moxian, Inc. in August 2021 and operates self-mining operations in Tennessee through its subsidiary, Abit USA, Inc. [3]

Core Viewpoint - Abits Group Inc has made corrections to its unaudited financial statements for the six months ended June 30, 2025, specifically regarding the number of authorized shares and issued shares due to a reverse split, while other financial figures remain unchanged [1][2]. Financial Corrections - The corrections pertain to the number of authorized shares and the number of issued and outstanding shares as of June 30, 2025, following a reverse split effective on March 10, 2025 [2]. Financial Performance - For the six months ended June 30, 2025, the company reported revenue of $3,995,558, an increase from $3,669,627 in the same period of 2024, marking a growth of approximately 8.9% [7][18]. - The loss for the period was $354,787, compared to a loss of $13,964 in the same period of 2024, indicating a significant increase in losses [8][12]. Balance Sheet Highlights - As of June 30, 2025, total assets amounted to $13,496,630, up from $11,371,297 as of December 31, 2024 [5]. - Total liabilities increased to $3,470,206 from $990,346 as of December 31, 2024, primarily due to a new loan of $3 million taken in March 2025 [5][17]. Shareholders' Equity - The total shareholders' equity as of June 30, 2025, was $10,026,424, down from $10,380,951 as of December 31, 2024, reflecting the net loss for the period [5][10]. Cash Flow Analysis - The net cash used in operating activities for the six months ended June 30, 2025, was $(570,443), compared to a net cash generated of $1,226,673 in the same period of 2024 [12]. - The company experienced a net decrease in cash and cash equivalents of $(973,786), ending with $145,143 as of June 30, 2025 [12]. Digital Assets - As of June 30, 2025, the value of digital assets held by the company was $1,964,090, significantly up from $257,753 as of December 31, 2024 [5][14].

Revenue and Income - Total revenue for the six months ended June 30, 2025, was $3,995,558, representing an increase of 8.9% compared to $3,669,627 for the same period in 2024[3] - The company began providing hosting services to third parties, generating $135,889 in hosting income during the first half of 2025[11] Loss and Deficit - The company reported a comprehensive loss of $354,527 for the six months ended June 30, 2025, compared to a loss of $31,346 for the same period in 2024[3] - The accumulated deficit grew to $(79,158,170) as of June 30, 2025, from $(78,803,383) as of December 31, 2024[2] Assets and Liabilities - The total assets increased to $13,496,630 as of June 30, 2025, up from $11,371,297 as of December 31, 2024, reflecting a growth of 18.6%[2] - Total liabilities increased to $3,470,206 as of June 30, 2025, compared to $990,346 as of December 31, 2024, reflecting a substantial rise[2] Digital Assets - Digital assets value surged to $1,964,090 as of June 30, 2025, compared to $257,753 as of December 31, 2024, indicating a significant increase[2] Cash Flow - Cash and cash equivalents decreased to $145,143 as of June 30, 2025, down from $1,118,929 at the beginning of the period, marking a decline of 87.0%[6] Production - The output of bitcoins during the first half of 2025 was 40.27 coins, a decrease from 61.53 coins in the first half of 2024[11] Interest Expense - The company incurred an interest expense of $90,000 for the period, following a loan of $3 million taken in March 2025[10]

Core Viewpoint - Abits Group Inc reported a half-year operating profit of $2.138 million for the period ending June 30, 2025, marking a nearly 6% improvement from the previous year despite a significant reduction in bitcoin mining output due to halving rewards [1][2]. Financial Performance - The average price of bitcoins increased to $95,843 in 2025 from $59,628 in 2024, which helped offset the decline in mining output [2]. - The company recorded a loss before interest and taxation of $0.25 million, compared to a loss of $0.14 million in 2024, primarily due to higher depreciation charges [2]. - The operating result before taxation was a loss of $0.34 million, up from a loss of $0.14 million in the same period last year [2]. Mining Operations - The main mining site in Duff, Tennessee is operating optimally with a load of 12mW and an output of approximately 500 pH/s [3]. - The company successfully installed two water wells, reducing water bills by $25,000 per month [3]. - The Memphis hosting facility, which operates under a joint venture, has installed about 2,600 S19XPs since April 2025, contributing an output of approximately 300 pH/s [4]. Cash Flow and Assets - The company sold 27.15 bitcoins for $1.96 million as of June 30, 2025, to meet working capital requirements [5]. - An external loan of $3.0 million was taken in March 2025 to finance the Memphis hosting facility [5]. - As of June 30, 2025, total current assets were $687,934, down from $1,677,636 at the end of 2024 [9]. Future Outlook - The company anticipates an improvement in the second half of 2025 as the Memphis hosting facility becomes fully operational, provided there are no sharp declines in bitcoin prices [6].