Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 440

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 440
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 March 31, 2025, all funds received related to the prospective acquisition of Captus Energy, as further described in Note 11 -SubsequentEvents, were remitted to the proper custodian. Accounts Receivable As of March 31, 2025, the Company had $175,000 held in its cold storage wallet with Bitgo Trust Company, Inc. Subsequent to March 31, 2025, the balance of $175,000 was transferred into the Company’s bank account. Prepaid Expenses Prepaid expenses consist of payments for the Company’s co -locationservices, an insurance policy and other professional services, and the amounts are expected to be realized and consumed within twelve months after the reporting period.

F-10 Gryphon Digital Mining, Inc.
Notes to the Unaudited Condensed Consolidated Financial Statements
For the Three Months Ended March 31, 2025 NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Digital Assets Digital assets or cryptocurrencies (including Bitcoin, Ethereum, DAI, and USDT) are included in current assets in the accompanying balance sheets. Cryptocurrencies purchased are recorded at cost and cryptocurrencies obtained by the Company through its sale of common stock are accounted for based on the value of the specific digital asset on the date received. Digital assets are included in current assets in the unaudited condensed consolidated balance sheets due to the Company’s ability to sell bitcoin in a highly liquid marketplace and the sale of bitcoin to fund operating expenses to support operations. The Company measures digital assets at fair value with changes recognized in operating expenses in the unaudited condensed consolidated statement of operations. Mining Equipment Mining equipment is stated at cost, including purchase price and all shipping and customs fees, and depreciated using the straight -linemethod over the estimated useful lives of the assets, generally three years for cryptocurrency mining equipment. The Company reviews the carrying amounts of mining equipment when events or changes in circumstances indicate the assets may not be recoverable. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash -generatingunit to which the asset belongs. The recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows to be derived from continuing use of the asset