Company: ABTS
Filing Date: 2025-09-11
Form Type: F-3/A
Source: 0001641172-25-027133
Chunk: 19

Company: Abits Group Inc
Filing Date: 2025-09-11
Form: F-3/A
Chunk 19
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4 |

We plan to continue to grow a scaled mining operation through the procurement of mining sites and equipment. We have recently implemented several strategic initiatives, including:

| ● | Infrastructure 
 Enhancement    |

| ○ | Expanding                            
 data operating center power capacity |

| ○ | Reducing                                
 curtailment capacity for revenue growth |

| ○ | Installing                                                            
 additional water wells with supporting pumps and filtration equipment |

| ● | Operational 
 Excellence  |

| ○ | Implemented                                                    
 proprietary monitoring software for the mining operations site |

| ○ | Enhanced                                                                   
 site disruption response capabilities through in-house developed solutions |

| ○ | Negotiated                                              
 agreements for potential acquisition of new mining site |

| ○ | Concluded                          
 additional power supply agreements |

At the end of the second quarter 2025, our mining fleet comprises 1,300 units of S19 Hydro XP (featuring hydro-cooling technology), 100 units of S19J Pro and 650 units of T21. We have operated at approximately 500 PH hash rate.

Corporate History and Structure

Abits(formerly, Moxian (BVI) Inc) was incorporated as a BVI business company on May 18, 2021 under the laws of the British Virgin Islands. Abits is a holding company and does not conduct any substantial business. On August 16, 2021, ABTS consummated a merger with its U.S. domiciled parent company, Moxian, Inc., or Moxian, pursuant to which Moxian merged with and into the Company. Following the merger, the Company acquired all the assets, liabilities, rights and obligations of Moxian and became the holding company of the former Moxian subsidiaries.

Moxian was incorporated in the State of Nevada on October 12, 2010 and was formerly known as SECURE NetCheckIn Inc. offering a cloud-based scheduling and notification product for the medical industry. In February 2014, Moxian acquired Moxian Group Limited, a British Virgin Islands business company, and its wholly owned direct and indirect subsidiaries based in Hong Kong, mainland China, Malaysia and U.S. Samoa.

Moxian’s common stock began to trade on the Nasdaq Capital Market on November 14, 2016. Moxian, through its subsidiaries in mainland China, had operated as an O2O enterprise, with two major lines of business: mobile applications linking small and medium enterprises to its network platform and digital advertising business.