Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 118

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 118
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 insurable risks to it. ABTC selects the types of insurance, the limits and the deductibles based on ABTC’s specific risk profile, the cost of the insurance coverage versus its perceived benefit and general industry standards. ABTC’s insurance policies contain certain industry standard exclusions for events such as war and nuclear reaction. A successful claim for which ABTC is not fully insured could materially harm ABTC’s business, financial condition and results of operations. Further, due to rising insurance costs and changes in the insurance markets, ABTC cannot provide any assurance that its insurance coverage will continue to be available at all or at rates or on terms similar to those presently available. Any losses not covered by insurance could have a material adverse effect on ABTC’s business, financial condition and results of operations. ABTC is subject to risks associated with its need for significant electrical power. ABTC’s operations require significant amounts of electrical power and ABTC’s business, financial condition and results of operations may be impacted by the unavailability of power and price fluctuations in the power market. Market prices for power, capacity and other ancillary services are unpredictable and tend to fluctuate substantially. Unlike most other commodities, electric power can only be stored on a very limited basis and generally must be 43 produced concurrently with its use. As a result, power prices are subject to significant volatility due to supply and demand imbalances, especially in the day -aheadand spot markets. Power availability and prices may also be materially impacted by other factors outside of ABTC’s control, including: •changes in generation capacity in the markets in which ABTC’s Bitcoin miners operate, including changes in the supply of power as a result of the development of new plants, expansion, reduction or retirement of existing plants, the continued operation of uneconomic power plants due to state subsidies or additional or reduced transmission capacity; •environmental regulations and legislation; •electric supply disruptions, including plant outages and transmission disruptions; •changes in power transmission infrastructure; •fuel price volatility; •fuel transportation capacity constraints or inefficiencies; •development of new fuels, new technologies and new forms of competition for the production of power; •changes in law, including judicial decisions; •weather conditions, including extreme weather conditions and seasonal fluctuations, including the effects of climate change; •changes in commodity prices and the supply of commodities, including natural gas, coal and oil; •changes in the demand for power or in patterns of power usage; •economic and political conditions; •supply and demand for energy commodities; •supply chain disruption of