Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 511

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 511
---
 Accrued liabilities |     |   | 3,531,000 |     |   | 1,415,000 |
| Total               |     | $ | 9,045,000 |     | $ | 3,649,000 |

NOTE 7 — NOTE PAYABLE

The following table summarizes the fair value of the BTC Note as of December 31,

|                                     |     |   |        2024 |   |     |   |       2023 |   |
|:------------------------------------|:----|:--|------------:|:--|:----|:--|-----------:|:--|
| Beginning balance                   |     | $ |  14,868,000 |   |     | $ | 12,636,000 |   |
| Payment                             |     |   |  (2,729,000 | ) |     |   | (6,105,000 | ) |
| Negative interest payment           |     |   |      39,000 |   |     |   |          — |   |
| Amended principal payment           |     |   |           — |   |     |   | (4,856,000 | ) |
| Adjustment to fair value            |     |   |   8,058,000 |   |     |   | 13,193,000 |   |
| Repayment                           |     |   | (20,236,000 | ) |     |   |          — |   |
| Ending balance                      |     | $ |           — |   |     |   | 14,868,000 |   |
| Less – current portion              |     |   |             |   |     |   | 14,868,000 |   |
| Ending balance – noncurrent portion |     |   |             |   |     | $ |          — |   |

F-56

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 7 — NOTE PAYABLE (cont.)

,

| Principal – note payable            |     | $ | 5,000,000 |   |
| Aggregate interest to be paid       |     |   |   638,000 |   |
| Interest payments made              |     |   |   (41,000 | ) |
|                                     |     |   | 5,597,000 |   |
|