Abits Group Inc.
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- Abits Group Inc. (NASDAQ: ABTS) operates as a U.S.-based digital data center company specializing in industrial-scale Bitcoin self-mining and colocation hosting services through its wholly owned subsidiary Abit USA Inc.; it deploys advanced ASIC miners including Antminer S19 XP Hydro (hydro-cooled, 20.8J/TH), Antminer S19J Pro, and Antminer T21 (190 TH/s, 19J/TH efficiency); core offerings encompass self-mining operations, in-house support services, infrastructure development from land acquisition to facility construction, and hydro-cooling technology for energy efficiency; the company targets Bitcoin production for revenue generation with facilities delivering over 500 PH/s total hash rate. The company maintains primary mining operations at a 12 MW facility in Duff, Tennessee (4458 White Oak Rd), alongside a new 10-12 MW hosting site in Memphis, Tennessee launched in April 2025 with 2,600 Antminer S19XP units contributing 300 PH/s; geographic focus centers on the United States with expansion plans including a 22 MW site (expandable to 35 MW) on a 55-acre property acquired in Bloomer, Wisconsin in April 2024 for $0.65 million, targeting completion in Q1 2025; additional infrastructure enhancements feature a 100,000-gallon water reservoir and 1 MW facility expansion completed in Q1 2024. Abits Group Inc., incorporated in 2021 and formerly known as Moxian (BVI) Inc. until its name change in November 2023, maintains headquarters at Level 24, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong SAR; it lists on Nasdaq Capital Market with 11 employees and operates in the capital markets and software sectors focused on computing infrastructure. Recent developments include securing a $3.0 million loan in March 2025 at 12% interest to fund 2,850 Antminer S19XP purchases for Memphis expansion, effectively doubling power capacity from 10 MW to 22 MW and targeting 1 EH/s output; in November 2024, the company signed agreements with Bitmain for 400 Antminer T21 units (delivery by early December 2024), expanding the Tennessee fleet to 2,375 units and boosting hash power by 76 PH/s to over 500 PH/s following return of 500 S19 XP units; Q2 2025 financials reflect $2.138 million operating profit from mining despite Bitcoin halving impacts, with 18.86 BTC output in Q1 2025 at 46.1% gross margin; Nasdaq bid price compliance was regained in March 2025, and the annual shareholder meeting occurred on November 21, 2025.
Abits Group Inc Reports Full Year 2025 Results with 37% Revenue Growth; Expands Bitcoin Mining Operations to 760 PH/s Combined Hash Rate
Abits Group Inc Reports Full Year 2025 Results with 37% Revenue Growth; Expands Bitcoin Mining Operations to 760 PH/s Combined Hash Rate
Abits Group Inc. (NASDAQ:ABTS) Short Interest Update
Abits Group Inc Announces Closing of $2.1 Million Registered Direct Offering
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Abits Group (NASDAQ:ABTS) Shares Up 2.9% – Should You Buy?
ABITS Group maintains growth momentum in its third quarter of 2025
Abits Group Inc Reports Amended Unaudited Financial Statements for the First Half of 2025
Abits Group Inc Reports Unaudited Financial Results for the First Half of 2025
Abits Group Inc Secures Loan for Memphis Expansion, Doubling Mining Capacity by Early April 2025
Abits Group Inc Announces Changes of the Authorized Shares and Share Consolidation
Abits Group Inc Announces Deployment of 500 S19XP Machines, Adding 70,500 TH to Operations
Abits Group Inc Receives NASDAQ Minimum Bid Price Requirement Extension
Abits Group Inc Reports Unaudited Financial Results for the First Half of 2024
Abits Group Inc. Company Welcomes Christopher Silva as Vice President of HR and Business Development
Abits Group Reports continued growth in Q2
Abits Group Inc. Achieves Strong Growth and Expansion in Q1 2024, Sets Stage for Continued Progress in Q2
Abits Group Receives NASDAQ Notification Regarding Minimum Bid Price Requirements
Abits Group Inc Announces Operational Updates For The Quarter Ended December 31, 2023