Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 398

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 398
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72.6million for the year ended December31, 2022, resulting from net loss of $104.2million, offset by non -cashadjustments of $38.7million and changes in assets and liabilities of $7.1million. Investing Activities Net cash used in investing activities totaled $66.6million for the year ended December 31, 2024, primarily consisting of $6.6million in miner purchases, $100.7 million in Bitcoin purchases for ABTC’s strategic reserve, which was retained by Hut 8 in the Contributions, for the amount needed to be pledged to Bitmain for its miner fleet refresh, and a $29.1million deposit for acquiring Bitcoin miners. These outflows were partially offset by $69.8million in proceeds from Bitcoin sales. Net cash provided by investing activities totaled $62.7million for the year ended December 31, 2023, primarily consisting of $63.7 million in proceeds from Bitcoin sales, partially offset by a $1.0million cash deposit for Bitcoin miners. Net cash provided by investing activities totaled $24.3million for the year ended December31, 2022, primarily consisting of $71.2million in proceeds from Bitcoin sales, partially offset by a $46.9million cash deposit for Bitcoin miners.

229 Financing Activities Net cash provided by financing activities was $120.6million for the year ended December31, 2024, primarily consisting of $132.1million in proceeds from Hut 8’s investment in ABTC. These inflows were partially offset by $11.5million in loan repayments on the Anchorage Debt. Net cash used in financing activities was $6.8million for the year ended December31, 2023, primarily consisting of $10.8million in loan repayments on the Anchorage Debt, and $0.6million in debt issuance costs paid. These inflows were partially offset by $4.6million in proceeds from Hut 8’s investment in ABTC. Net cash provided by financing activities was $48.3million for the year ended December31, 2022, primarily consisting of $50.0million in proceeds from loans payable and $9.4million in proceeds from Hut 8’s investment in ABTC. These inflows were partially offset by $11.1million in loan repayments on the Anchorage Debt. Critical Accounting Policies and Estimates ABTC’s management’s discussion and analysis of its financial condition and results of operations is based