Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 590

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 590
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:|:--|
| Profit before tax    |                    | $ |      (22,142 | ) |     | $ |      (10,626 | ) |     | $ |     (104,600 | ) |     | $ |      (137,368 | ) |
| Permanent difference |                    |   |       23,333 |   |     |   |        9,210 |   |     |   |          540 |   |     |   |        33,083 |   |
| Total                |                    | $ |        1,191 |   |     | $ |       (1,416 | ) |     | $ |     (104,060 | ) |     | $ |      (104,285 | ) |

3 Year Cumulative Income/(Loss) Position – Canada

| (in USD thousands)   |     | Year Ended   
 December 31, 
 2024         |          |   |     | Year Ended   
 December 31, 
 2023         |         |   |     | Year Ended   
 December 31, 
 2022         |   |     | Cumulative    
 3 Year        
 Income/(Loss) |          |   |
|:---------------------|:----|:-------------|---------:|:--|:----|:-------------|--------:|:--|:----|:-------------|:--|:----|:--------------|---------:|:--|
| Profit before tax    |     | $            |  509,096 |   |     | $            |  31,436 |   |     | $            | — |     | $             |  540,531 |   |
| Permanent difference |     |              | (258,281 | ) |     |              | (16,152 | ) |     |              | — |     |               | (274,433 | ) |
| Total                |     | $            |  250,815 |   |     | $            |  15,283 |   |     | $            | — |     | $             |  266,098 |   |

ABTC has evaluated the need for a valuation allowance for its U.S. operations in accordance with the prescriptive guidance in ASC 740. ABTC has a history of losses, including a cumulative loss position for all periods covered in these Combined Financial Statements. As such, management has determined that it is more likely than