Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 377

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 377
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 Bitcoin’s resilience and adoption in ways that align with shareholder value creation. ABTC’s potential Layer 3 initiatives will be evaluated against its fundamental objective of maximizing Bitcoin ownership per share. ABTC’s Operations Bitcoin Mining Sites ABTC has entered into a Master Colocation Services Agreement (the “ MCSA”) with Hut 8 under which certain affiliates of Hut 8 provide ABTC with colocation and hosting services for ABTC’s Bitcoin miners. As of May30, 2025, ABTC’s Bitcoin miners operated at three sites under the MCSA: •Alpha (Niagara Falls, NY); •Medicine Hat (Medicine Hat, AB); and •Salt Creek (Orla, TX). ABTC has also entered into Master Management Services Agreement (the “ MMSA”) with Hut8, under which certain affiliates of Hut 8 provide ABTC with management, oversight, strategy, compliance, operational and other services for ABTC’s Bitcoin mining operations hosted at Hut 8’s facilities under the MCSA. For additional information on the MCSA and MMSA, see “— Material Agreements” below. Bitcoin Mining Pools ABTC receives Bitcoin mining rewards from its mining activity through third -partyming pool operators, Foundry and Luxor. Mining pools allow Bitcoin miners to combine their processing power, increasing their chances of solving a block and getting paid by the network. ABTC provides computing power to mining pools, which use this computing power to operate nodes and validate blocks on the blockchain. The pools then distribute ABTC’s pro -ratashare of Bitcoin mined to ABTC based on the computing power (hashrate) it contributes. ABTC’s daily payout through these pools is calculated based on its hashrate contribution, delivered to the pool in the applicable calculation period, after deducting the applicable pool fee, if any. ABTC’s pool fees are currently below 1.0% of its daily payout. In addition, pool participants will receive transaction fees as the mining pool solves blocks on a pro rata basis with respect to each pool participant’s hashrate contributed. 213 Protection of Bitcoin Assets ABTC uses third -partycustody solutions, including Coinbase Custody to safeguard its Bitcoin, mainly in “cold storage” wallets. ABTC does not self -custodyits Bitcoin or hold, sell or transact in Bitcoin or any other digital asset for any person other than itself. ABTC enables and uses two -factorauthentication to access systems (“ Custody Applications”) provided by its custodians