Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 593

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 593
---
 the Audited Combined Financial Statements Note 13. Income taxes (cont.) tax return true -upsthat, within the carve -outsetting, will be recorded in the appropriate periods. ABTC has analyzed the differences and adjusted for true -upsthat result from information that existed as of the date of the financial statements and not adjusted for new information or developments related to the subsequent period. ABTC did not maintain its own stand -alonetax filings, and its operations were included in the tax returns filed by Parent; as such, no formal tax sharing agreement existed. The income taxes recorded in these Combined Financial Statements do not reflect any liabilities to or receivables from Parent for taxes paid or received. For financial reporting purposes, income (loss) before income taxes includes the following components:

| (in USD thousands)      |     | Twelve Months Ended 
 December 31,        
 2024                |         |   |     | December 31, 
 2023         |         |   |     | December 31, 
 2022         |          |   |
|:------------------------|:----|:--------------------|--------:|:--|:----|:-------------|--------:|:--|:----|:-------------|:---------|:--|
| United States           |     | $                   | (22,142 | ) |     | $            | (10,626 | ) |     | $            | (104,600 | ) |
| Foreign                 |     |                     | 515,500 |   |     |              |  31,435 |   |     |              | —        |   |
| Discontinued operations |     |                     |  (6,404 | ) |     |              |       — |   |     |              | —        |   |
| Total                   |     | $                   | 486,954 |   |     | $            |  20,809 |   |     | $            | (104,600 | ) |

Current and Deferred Taxes The components of the (provision) benefit for income taxes consists of:

| (in USD thousands)            
 2024                          |     | Year Ended December 31, |         | 2023 |     |   |        | 2022 |     |   |     |
|:------------------------------|:----|:------------------------|--------:|:-----|:----|:--|-------:|:-----|:----|:--|----