Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 2

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 2
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ger Agreement),
acquired 51% of the voting power of the Company’s stockholders.

Effective
September 12, 2025, the Company changed its name to Rhino Bitcoin Inc.

References
to “we”, “us”, “our” and similar words refer to the Company and its wholly-owned subsidiary, Rhino
Digital, unless the context otherwise requires, and prior to the effectiveness of the Reverse Acquisition, these terms refer to Rhino
Digital. References to “Phoenix Plus” refer to the Company and its business prior to the Reverse Acquisition.

Business
Overview

Rhino
Digital is a Nevada corporation formed on November 27, 2019 and is a Bitcoin financial services company focused on making everyday banking
and financial management accessible. Serving individuals, businesses, and organizations, Rhino Digital integrates traditional banking
functions within a secure, user-friendly platform centered on Bitcoin. Beyond its core services, Rhino maintains an active Bitcoin treasury
strategy, reinforcing its commitment to both the asset and broader ecosystem. Rhino Digital aims to foster a more intuitive and inclusive
approach to using Bitcoin for all clients globally.

Products
and Services

Rhino
Digital offers account funding and withdrawal in USD and Bitcoin, Bitcoin trading, custody services, remittances, and discounted gift
card purchasing to clients in the United States.

We
maintain strategic partnerships with several financial and digital asset infrastructure providers to deliver integrated banking and custody
services to clients. We engage Cybrid Inc.(“Cybrid”) as our primary partner for the provision of fiat banking and cryptocurrency
custody infrastructure. Cybrid maintains a relationship with Cross River Bank to support client U.S. dollar accounts that enable
Automated Clearing House (or ACH) transactions, domestic wire transfers, and Real Time Payments (or RTP) deposits and withdrawals. Cybrid
also partners with Fireblocks as its qualified custodian for secure Bitcoin storage and settlement operations.

Our
primary revenue stream is derived from trading activities in which we earn a spread on client exchanges between Bitcoin and U.S. dollars.
This transaction-based revenue model is complemented by related service fees for custody and settlement.

In
addition to the services we currently offer, we also plan to provide the following services in the future:

    ●
    Retirements
    accounts (Q4 2025)

    ●
    Bitcoin
    collateralized loans (Q4 2025)

    ●
    Bill
    payments (Q1 2026)

    ●
    Direct