Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 397

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 397
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.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 loan repayments, partially offset by $5.1million of net investment from Hut 8. The following table summarizes ABTC’s cash flows for the years ended December 31, 2024, December 31, 2023, and December31, 2022:

|                                                       | (in USD thousands) | Years Ended  
 December 31, |    2024 |   |     |   |    2023 |   |     |   |    2022 |   |
|:------------------------------------------------------|:-------------------|:-------------|--------:|:--|:----|:--|--------:|:--|:----|:--|--------:|:--|
| Cash flows used in operating activities               |                    | $            | (54,033 | ) |     | $ | (55,965 | ) |     | $ | (72,577 | ) |
| Cash flows (used in) provided by investing activities |                    |              | (66,586 | ) |     |   |  62,723 |   |     |   |  24,305 |   |
| Cash flows provided by (used in) financing activities |                    |              | 120,619 |   |     |   |  (6,758 | ) |     |   |  48,272 |   |

Operating Activities Net cash used in operating activities was $54.0million for the year ended December 31, 2024, resulting from net income of $428.9million, offset by adjustments to reconcile net income to net cash used in operating activities of $494.5million and changes in assets and liabilities of $11.5million. Net cash used in operating activities was $56.0million for the year ended December 31, 2023, resulting from net income of $39.6million, and offset by non -cashadjustments of $109.2million and changes in assets and liabilities of $13.7million. Net cash used in operating activities was $