Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 507

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 507
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 accounted for in accordance with ASC 320 — Investments — Debt and Equity Securities, as such the shares will be classified as available-for-sale securities and will be measured at each reporting period at fair value with the unrealized gain or (loss) as a component of other income (expense).

The table below summarizes the movement in this account for the years ended December 31,

|                                |     |   |     2024 |   |     |   |    2023 |
|:-------------------------------|:----|:--|---------:|:--|:----|:--|--------:|
| Fair value beginning of period |     | $ |  403,000 |   |     | $ | 235,000 |
| Change in fair value           |     |   | (288,000 | ) |     |   | 168,000 |
| Balance end of period          |     | $ |  115,000 |   |     | $ | 403,000 |

NOTE 4 — DEPOSITS

The deposits are summarized as of December 31,

|                                     |     |   |      2024 |   |     |   |    2023 |
|:------------------------------------|:----|:--|----------:|:--|:----|:--|--------:|
| Balance beginning of period         |     | $ |   420,000 |   |     | $ |  60,000 |
| Cash deposit                        |     |   | 2,207,000 |   |     |   | 360,000 |
| Amounts applied to accounts payable |     |   |  (364,000 | ) |     |   |       — |
| Balance end of period               |     | $ | 2,263,000 |   |     | $ | 420,000 |

The Company contracts with other service providers for the hosting of its equipment and operational support in data centers where the Company’s equipment is deployed. These arrangements also typically require advance payments to be made to vendors in conjunction with the contractual obligations associated with these services. The Company classifies these payments as “Deposits” in the consolidated balance sheets. As of December 31, 2024 and 2023, the Company had deposits of approximately $ and $ with data centers.

Giga Caddo, LLC

On August 16, 2024, Giga Caddo, LLC, a Delaware limited liability company (“Seller