Company: ABTC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001193125-25-281390
Chunk: 0

Company: American Bitcoin Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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American Bitcoin Corp.

Condensed and Combined Balance Sheets

(in USD thousands, except share and per share data)

     September 30, 2025

     December 31, 2024

     (Unaudited)

     (Audited)

     Assets

     Current assets

     Cash
      
     $
     7,976

     $
     —

     Deposits and prepaid expenses

     2,943

     42,650

     Derivative asset

     —

     18,076

     Digital assets – pledged for miner purchase, current portion

     —

     92,389

     Total current assets

     10,919

     153,115

     Non-current assets

     Digital assets – held in custody

     117,879

     525,236

     Digital assets – pledged for miner purchase

     272,053

     —

     Digital assets – pledged as collateral

     —

     331,876

     Property and equipment, net

     370,823

     43,089

     Operating lease right-of-use-asset

     174,647

     —

     Derivative asset

     63,723

     —

     Intangible assets, net

     998

     —

     Goodwill

     151,779

     53,082

     Total non-current assets

     1,151,902

     953,283

     Total assets
      
     $
     1,162,821

     $
     1,106,398

     Liabilities and stockholders’ equity

     Current liabilities

     Accounts payable and accrued expenses
      
     $
     106,465

     $
     31,012

     Advances from sale of property and equipment

     450

     —

     Derivative liability

     —

     18,437

     Income tax payable

     20

     889

     Warrant liability

     571

     —

     Operating lease liability, current portion

     40,614

     —

     Total current liabilities

     148,120

     50,338

     Non-current liabilities

     Miner purchase liability

     286,202

     —

     Deferred tax liabilities

     8,046

     40,993

     Operating lease liability, less current portion

     145,000

     —

     Total non-current liabilities

     439,248