Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 65

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 65
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 that we believe to be reasonable after taking into account our circumstances
and expectations for the future based on available information. Our actual results could differ from these estimates.

We consider an accounting
estimate to be critical if: (i) the accounting estimate requires us to make assumptions about matters that were highly uncertain at the
time the accounting estimate was made, and (ii) changes in the estimate that are reasonably likely to occur from period to period or use
of different estimates that we reasonably could have used in the current period, would have a material impact on our financial condition
or results of operations. There are items within our financial statements that require estimation but are not deemed critical, as defined
above.

The critical accounting policies,
and the judgements, estimates, and assumptions associated with such policies, that we believe have the greatest potential impact on the
consolidated financial statements are disclosed in Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form
10-K for the year ended December 31, 2024.

Recent Accounting Pronouncements 

From time to time, the Financial
Accounting Standards Board (“FASB”) or other standards-setting bodies issue new accounting pronouncements. Updates to the
FASB ASC are communicated through the issuance of an Accounting Standards Update (“ASU”). The Company considers the applicability
and impact of all ASUs on the Company’s financial position, results of operations, cash flows, or presentation thereof. Described
below are ASUs that are not yet effective but may be applicable to the Company’s financial position, results of operations, cash
flows, or presentation thereof. As of the issuance of these consolidated financial statements, there were no ASUs that management assessed
and determined to be applicable to the Company’s financial position, results of operations, cash flows, or presentation thereof.

Non-GAAP Financial Measures

In addition to the Company’s
results determined in accordance with GAAP, the Company also provides adjusted EBITDA, which is not a measurement of financial performance
under generally accepted accounting principles in the United States. The Company provides investors with reconciliations from net loss
to adjusted EBITDA as components of Management’s Discussion and Analysis. The Company defines adjusted EBITDA as (a) GAAP net income
(loss) plus (b) adjustments to add back the impacts of (1) depreciation and amortization, (2) interest expense, (3) income tax expense
(benefit) and (4) adjustments for non-cash and