Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 485

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 485
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 for registered direct offering                                   |     |            — |   |     |        |     — |     |            |          — |   |     |           | 670,000 |     |              |       — |   |     |          |           — |   |     |               |     670,000 |   |
| Net loss                                                                       |     |            — |   |     |        |     — |     |            |          — |   |     |           |       — |     |              |       — |   |     |          | (21,300,000 | ) |     |               | (21,300,000 | ) |
| Balance December 31,                                                           
 2024                                                                           |     |   52,991,590 |   |     | $      | 5,000 |     | $          | 60,050,000 |   |     | $         | 670,000 |     | $            |       — |   |     | $        | (67,735,000 | ) |     | $             |  (7,010,000 | ) |

The accompanying notes are an integral part of these consolidated financial statements

F-38

Gryphon Digital Mining, Inc and Subsidiaries Consolidated Statements of Cash Flows For the Years Ended December 31,

| CASH FLOWS FROM OPERATING ACTIVITIES                                                 |     | 2024 |             |   |     | 2023 |             |   |
|:-------------------------------------------------------------------------------------|:----|:-----|------------:|:--|:----|:-----|------------:|:--|
| Net loss                                                                             |     | $    | (21,300,000 | ) |     | $    | (28,599,000 | ) |
| Adjustments to reconcile net loss to cash (used in) provided by operating activities |     |      |             |   |     |      |             |   |
| Gain from settlement of BTC Note                                                     |     |      |  (6,248,000 | ) |     |      |           — |   |
| Impairment of digital assets                                                         |     |      |           — |   |     |      |     275,000 |   |
| Realized gain from sale of digital assets                                            |     |      |           — |   |     |      |    (535,000 | ) |
| Realized gain from use of digital