Quarterly ResultApr 29, 2026, 04:33 PM
ABTS FY2025 Revenue +37% to $9.13M; Memphis Site Launched
AI Summary
Abits Group Inc. filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, reporting a 37% increase in revenue to $9.13 million and a gross profit of $3.68 million. Key operational achievements include the successful launch of its Memphis mining facility, a substantial increase in bitcoin treasury holdings, and significant fleet expansion. The company also announced a CFO transition and recent capital raising activities.
Key Highlights
- FY2025 Revenue: $9.13 million, a 37% increase from $6.71 million in FY2024.
- Gross Profit from Operations: $3.68 million, reflecting a 40% gross margin.
- Bitcoin Holdings: Increased to 15.99 BTC as of December 31, 2025, from 2.58 BTC.
- Mining Output: 89.09 BTC mined in FY2025 across Duff and Memphis operations.
- Memphis Site: Commenced operations in March 2025, contributing $2.90 million in revenue.
- Total Hash Power: Approximately 760 PH/s as of April 6, 2026, with 4,775 mining units.
- Hosting Revenue: Generated $309,091 in third-party hosting fees during FY2025.
- CFO Transition: Kai Zhang appointed CFO effective January 1, 2026.