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Abits Group Inc Announces Deployment of 500 S19XP Machines, Adding 70,500 TH to Operations
GlobeNewswire News Room· 2024-10-25 15:55
Hong Kong, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a leading digital data center operator specializing in Bitcoin self-mining operations in the United States, is pleased to announce the deployment of 500 state-of-the-art S19XP mining machines at its Duff, Tennessee site. These new additions will enhance the company’s total hash rate by 70,500 terahashes (TH), significantly boosting operational capacity. The S19XP machines, recognized for their efficiency and performance in Bitcoin ...
Abits Group Inc Receives NASDAQ Minimum Bid Price Requirement Extension
GlobeNewswire News Room· 2024-10-11 20:30
Hong Kong, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc (the “Company”) (NASDAQ: ABTS), a company engaged in bitcoin mining and related services in the United States, announced today on October 10, 2024, it received notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through April 7, 2025. To regain compliance with NASDAQ’s minimum bid price requirement, the closing ...
Abits Group Inc Reports Unaudited Financial Results for the First Half of 2024
GlobeNewswire News Room· 2024-08-17 05:00
Hong Kong, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ: ABTS) is pleased to announce its half-year results for the period ended June 30, 2024. In a period when production is sustained throughout the six months, revenue grew to $3.67 million comprising 61.5 bitcoins, compared to the previous period when construction of the mining center in Tennessee was in progress and there was no production.. After accounting for direct costs of revenue amounting to $2.68 million, primarily electricity costs ...
Abits Group Inc. Achieves Strong Growth and Expansion in Q1 2024, Sets Stage for Continued Progress in Q2
globenewswire.com· 2024-05-23 04:05
Hong Kong, May 22, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a leading digital data center operator specializing in Bitcoin self-mining operations in the United States, is pleased to announce significant achievements and expansion initiatives for the first quarter of 2024, setting the stage for sustained growth throughout the year. During Q1 2024, Abits Group saw a substantial growth in its Bitcoin mining capacity. The company’s hash rates surged from approximately 285 PH/s at the beginning ...
Abits Group Inc. Achieves Strong Growth and Expansion in Q1 2024, Sets Stage for Continued Progress in Q2
Newsfilter· 2024-05-23 04:05
Hong Kong, May 22, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a leading digital data center operator specializing in Bitcoin self-mining operations in the United States, is pleased to announce significant achievements and expansion initiatives for the first quarter of 2024, setting the stage for sustained growth throughout the year. During Q1 2024, Abits Group saw a substantial growth in its Bitcoin mining capacity. The company’s hash rates surged from approximately 285 PH/s at the beginning ...
Abits (ABTS) - 2023 Q4 - Annual Report
2024-05-01 04:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event ...
Abits Group Receives NASDAQ Notification Regarding Minimum Bid Price Requirements
Newsfilter· 2024-04-16 04:30
公司概况 - Abits Group Inc是一家总部位于美国的比特币挖矿和相关服务业务公司,通过其全资子公司ABIT USA, Inc.在田纳西州运营,并在中国的北京和香港也有业务[4] 纳斯达克通知 - 公司收到了纳斯达克股票市场的通知,称其股票的收盘价连续30个工作日低于1美元,导致不符合纳斯达克的最低竞价要求[1] - 根据纳斯达克规定,公司有180天的宽限期来恢复符合最低竞价要求,如果在此期间股票收盘价连续10个工作日至少达到1美元,纳斯达克将确认符合要求并关闭此事项[2] 前瞻性声明 - 公司发布的前瞻性声明中提到了未来业务发展、财务状况、比特币挖矿行业和互联网媒体营销行业的预期增长,以及与战略合作伙伴的关系、行业竞争和相关政策法规等因素[5]
Abits Group Inc Announces Operational Updates For The Quarter Ended December 31, 2023
Newsfilter· 2024-01-31 05:30
Hong Kong, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ:ABTS), a company engaged in the crypto mining business, has released its operations update for the quarter ended December 31, 2023. As previously reported, the Company completed the construction of its mining center at Duff, near the city of La Follette in the State of Tennessee in October 2023. The center is deployed with 1180 units of S19XP Hydro miners (20.8J) and 400 units of S19J Pro miners. As of December 31, 2023, the maximum mining ...
Abits (ABTS) - 2022 Q4 - Annual Report
2023-05-16 05:10
公司财务状况 - 公司在2022年的营收为164,428美元,较2021年的219,330美元有所下降[16] - 公司2022年的亏损为22,544,903美元,较2021年的2,739,850美元大幅增加[16] - 公司2022年的现金及现金等价物为2,505,286美元,数字货币为7,087,747美元[16] - 公司在2022年12月31日的股东权益达到2,300万美元,几乎是前一年的4倍增长[131] 挖矿风险 - 公司面临着与比特币挖矿相关的风险,包括挖矿成本超过挖矿收入可能严重损害业务或增加亏损[23] - 公司需要大量电力,政府监管机构可能限制供电商向挖矿等运营提供电力,这可能对公司产生负面影响[25] - 公司挖掘的比特币将会减半,这可能会导致公司挖矿收入减少,对公司的业务和运营产生重大不利影响[80] 投资和收购风险 - 公司可能考虑进行战略投资、合并、收购或联盟,这可能对公司的财务状况和运营结果产生重大影响[34] - 公司可能无法成功进行投资或收购,或者未来的投资或收购可能不成功,不利于公司业务战略,无法产生足够的收入来抵消相关收购成本,或者未能实现预期的好处[35] 法律合规风险 - 公司因遵守影响公开公司的法律和法规而产生重大成本和对管理和财务资源的需求,如果未能保持适当和有效的内部控制,可能会影响公司的运营结果、经营业务的能力和声誉[37] - 由于加密货币可能被确定为投资证券,公司可能会无意违反投资公司法,并因此遭受巨大损失,可能被要求注册为投资公司或终止运营,并可能承担第三方责任[39] 加密货币市场风险 - 政府对加密货币的监管政策可能影响公司的运营[53] - 加密货币作为支付手段的大规模接受尚未发生,增长存在不确定性[54] - 地缘政治和经济事件对加密货币供需的影响不确定[58] 公司发展与运营风险 - 公司如果无法在发展过程中保持企业文化,可能会失去对业务有益的创新、协作和专注[43] - 公司可能无法及时或根本无法认识到将新技术引入运营中所带来的好处[89]