Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 46

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 46
---
 request the materials no later than, 2025. You may also obtain additional information about Gryphon from documents filed with the SEC by following the instructions in the section titled “ Where You Can Find More Information.” xxvii Prospectus Summary This summary highlights selected information from this proxy statement/prospectus and may not contain all of the information that is important to you. To better understand the Mergers and the proposals being considered at the Special Meeting, you should read this entire proxy statement/prospectus carefully, including the Merger Agreement and the other annexes to which you are referred in this proxy statement/prospectus. For more information, please see the section titled “Where You Can Find More Information.” The Companies Gryphon Traditionally, Gryphon’s revenue model was to mine and hold Bitcoin and sell only the Bitcoin necessary to pay its operating expenses and to reinvest in operational expansion. Founded in October 2020, Gryphon is based in Las Vegas, Nevada. Gryphon commenced its digital assets mining operations in September 2021. Gryphon operates approximately 5,880 Bitcoin mining computers (“ Bitcoin miners”), which it purchased from Bitmain Technologies Limited (“ Bitmain”) that Gryphon has installed at a third -partyhosted mining data center located in Pennsylvania. Revenue generated by the mining of Bitcoin is measured on a dollar per megawatt -hour(“ MWh”) basis and is variable based on the price of Bitcoin, the measure of difficulty, transaction volume and global hashrate. Gryphon is a Delaware corporation. Its principal executive offices are located at 1180 North Town Center Drive, Suite 100, Las Vegas, NV 89144, its telephone number is (702) 945 -2700and its website is www.gryphon.com. The information contained on or that can be accessed through, Gryphon’s website is not a part of or incorporated by reference into, this proxy statement/prospectus. See “ Gryphon’s Business” and “ Gryphon Management’s Discussion and Analysis of Financial Condition and Results of Operations” for important business and financial information regarding Gryphon. ABTC ABTC is a Bitcoin accumulation vehicle focused on building America’s Bitcoin infrastructure backbone through efficient Bitcoin mining, building a strategic Bitcoin reserve and supporting the growth of the Bitcoin ecosystem. As of May30, 2025, ABTC owned over 60,000 Bitcoin miners with a cumulative hashrate of 10.17 exahash per second (“ EH/s”) and weighted average fleet efficiency of 21.2