Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 508

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 508
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 in possession (“DIP”) lender to Erikson. As part of the Erikson Purchase Agreement, the Company provided DIP interim financing to Erikson to cover its operating expenses and legal and professional fees during the period between December 9, 2024 and the applicable Outside Date. Upon closing, The Company may offset some or all of the interim financing provided against the purchase price. As of December 31, 2024, the Company had provided approximately $274,000 of DIP interim financing and incurred approximately $112,000 of transaction cost for a total of $386,000. See Note 13 — Subsequent Events for the termination of the Erikson Purchase Agreement. F-55

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 5 — MINING EQUIPMENT, NET Mining equipment consisted of 8,825 and 8,532 units of bitcoin mining machines as of December 31, 2024 and 2023, respectively. The following table summarizes the carrying amount of the Company’s mining equipment, as of December 31,

| Mining equipment            |     | 2024 |            |   |     | 2023 |             |   |
|:----------------------------|:----|:-----|-----------:|:--|:----|:-----|------------:|:--|
| Balance, beginning of year  |     | $    | 15,978,000 |   |     | $    |  47,599,000 |   |
| Additions                   |     |      |  1,573,000 |   |     |      |   1,894,000 |   |
| Disposals                   |     |      |   (442,000 | ) |     |      |    (105,000 | ) |
| Impairment                  |     |      |          — |   |     |      |  (8,335,000 | ) |
| Revaluation from impairment |     |      |          — |   |     |      | (25,075,000 | ) |
| Ending balance              |     | $    | 17,109,000 |   |     | $    |  15,978,000 |   |
| Accumulated depreciation    |     |      |            |   |     |      |             |   |
| Balance, beginning of year  |     |