Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 502

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 502
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 producing activities. It also requires the disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively as well as the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. The standard will be effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. We are currently evaluating the impact that the adoption of the provisions of the ASU will have on our consolidated financial statements. We are currently evaluating the impact that the adoption of the provisions of the ASU will have on our consolidated financial statements. F-52

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 2 — DIGITAL ASSETS The following table summarizes the digital currency transactions of Bitcoin for as of December 31,

|                                                             |     |   |        2024 |   |     |   |        2023 |   |
|:------------------------------------------------------------|:----|:--|------------:|:--|:----|:--|------------:|:--|
| ASC 2023-08 fair value adjustment                           |     | $ |     740,000 |   |     | $ |           — |   |
| Digital assets beginning balance                            |     |   |   2,097,000 |   |     |   |   6,746,000 |   |
| Revenue recognized from mined digital assets                |     |   |  20,539,000 |   |     |   |  21,052,000 |   |
| Revenue share from Sphere 3D                                |     |   |           — |   |     |   |     321,000 |   |
| Cost of digital assets sold for cash                        |     |   | (20,261,000 | ) |     |   | (17,977,000 | ) |
| Cost of digital assets transferred for noncash expenditures |     |   |  (3,665,000 | ) |     |   |  (7,770,000 | ) |
| Impairment loss on digital assets                           |     |   |           — |   |     |   |    (275,000 | ) |
| Fair value gain on digital assets                           |     |   |   1,566,000 |   |