Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 367

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 367
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urchases and redemptions of our common stock and general working capital. The ATM will terminate upon the earlier of (i) the issuance and sale of all of the shares of the common stock subject to the conditions set forth in the ATM or (ii) termination of the ATM as otherwise permitted thereunder. The ATM may be terminated at any time by either the Company or any sales agent with respect to itself upon five days’ prior notice or by the sales agents at any time in certain circumstances, including the occurrence of a material adverse effect on us. As of March 31, 2025, approximately $63.597 million in capacity remained under the ATM. Summary of Cash Flow The following table provides detailed information about the Company’s net cash flow for the three months ended March 31, 2025 and 2024:

|                                           |     |   |       2025 |   |     |   |      2024 |   |
|:------------------------------------------|:----|:--|-----------:|:--|:----|:--|----------:|:--|
| Net cash used in operating activities     |     | $ | (3,219,000 | ) |     | $ |  (983,000 | ) |
| Net cash used in investing activities     |     | $ | (1,780,000 | ) |     | $ |         — |   |
| Net cash provided by financing activities |     | $ |  4,582,000 |   |     | $ | 1,805,000 |   |

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Net cash used in operating activities Net cash used in operating activities was approximately $3,219,000 for the three months ended March 31, 2025 and consisted primarily of cash proceeds from the sale of digital assets of approximately $1,647,000, offset by cash expenditures for operating activities of approximately $4,777,000. Net cash used in operating activities was approximately $983,000 for the three months ended March 31, 2024 and consisted primarily of cash proceeds from the sale of digital assets of approximately $6,106,000, offset by cash expenditures for operating activities of approximately $7,089,000. Net cash used in investing activities Net cash used in investing activities was approximately $1,780,000 for the three months ended March 31, 2025 and consisted of (i) the purchase of mining equipment for approximately $558,000, (ii) cash disbursement of approximately $