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MARKETS / NASDAQ / ABTC
NASDAQ · FINANCE SERVICES · SMALL CAP

American Bitcoin Corp. ABTC

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$185.2M
▲ 158.8% YoY
$-153.2M
▼ 135.7% YoY
In brief

What this company does

The company owns Bitcoin miners that operate at facilities managed by Hut 8. As of December 31, 2025, the company had two full-time employees, along with a Shared Services Agreement with Hut 8. As of December 31, 2025, it owned approximately 78,000 Bitcoin miners with a cumulative hashrate of approximately 25 EH/s and weighted average fleet efficiency of approximately 16.3 J/TH. As of December 31, 2025, the company operated its Bitcoin miners at four sites under the MCSA: Alpha (Niagara Falls, NY), Salt Creek (Orla, TX), Medicine Hat (Medicine Hat, AB), and Vega (Amarillo, TX). As of December 31, 2025, the company had accumulated approximately 5,401 Bitcoin in reserve, including 2,776 Bitcoin pledged to Bitmain for miner purchases.

Written from the business description in American Bitcoin Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 27 March 2026. Every sentence was checked against that document before publication.

Growth
USD 185.2M
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 185.2 · Net income -153.2
200M400M-80M20172018201920212022202320242025
Compound annual growth
+160.6%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−83 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -123.1% · Net -82.7%
200%400%600%-200%-400%-600%20172018201920212022202320242025
ROE
FY2025 · ROE -18.2%
20%40%-50%-100%-150%20172018201920212022202320242025

Each USD of equity lost 18 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -60.6
-25.0M-50.0M20172018201920212022202320242025

Total assetsUSD 1.2B
EquityUSD 665.8M
CashUSD 3.8M
Current ratio0.08×

Equity funds 53% of total assets.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021201920182017
Revenue $B0.20.10.10.00.00.00.00.0
Operating income $B−0.20.50.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.20.50.0−0.0−0.0−0.0··
Income tax $B−0.00.1−0.0−0.0−0.00.0··
Net income $B−0.20.40.0−0.1−0.0−0.0−0.0−0.0
Free cash flow $B·−0.1−0.1−0.0−0.0···
EPS, diluted $−0.170.490.04−546.56−1.22−1.14−2.05−0.51
Dividend / sh $········
Payout %········
ROE %−18.257.615.8−182.5−53.5−50.1−123.3−177.7
Shares out B·0.050.030.000.000.010.010.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 39 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 54 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2017

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