Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 398

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 398
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     |   |         |   |
|:------------------------------------------------------|:----|:-------------------|--------:|:-----|:----|:--|--------:|:--|
| Cash flows used in operating activities               |     | $                  | (44,653 | )    |     | $ | (34,345 | ) |
| Cash flows provided by investing activities           |     | $                  |   5,992 |      |     | $ |  36,109 |   |
| Cash flows provided by (used in) financing activities |     | $                  |  38,661 |      |     | $ |  (1,764 | ) |

228

Operating Activities Net cash used in operating activities was $44.7million for the threemonths ended March 31, 2025, resulting from a net loss of $100.6million, offset by the deduction of non -cashadjustments of $70.2million and unfavorable changes in assets and liabilities of $14.4million. Net cash used in operating activities was $34.3 million for the threemonths ended March 31, 2024, resulting from net income of $230.4million, offset by non -cashadjustments of $257.2million and unfavorable changes in assets and liabilities of $7.5million. Investing Activities Net cash provided by investing activities totaled $6.0million for the threemonths ended March 31, 2025, primarily consisting of $3.4 million in proceeds from Bitcoin sales, and $2.6 million in proceeds from the sale of property and equipment. Net cash provided by investing activities totaled $36.1million for the threemonths ended March 31, 2024, wholly consisting of $36.1million in proceeds from Bitcoin sales. Financing Activities Net cash provided by financing activities was $38.7million for the threemonths ended March 31, 2025, which was primarily a result of $955.2million from the effectuation of the Contribution and Stock Purchase Agreement with Hut 8 on March31, 2025, partially offset by distribution to Hut 8 of $115.6million and investment from Hut 8 of $800.7million. Net cash used in financing activities was $1.8million for the threemonths ended March 31, 2024, primarily consisting of $6.9million in