Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 370

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 370
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 the sales agents at any time in certain circumstances, including the occurrence of a material adverse effect on us. As of March 31, 2025, approximately $63.597 million in capacity remained under the ATM. Summary of Cash Flow The following table provides detailed information about the Company’s net cash flow for the three months ended March 31, 2025 and 2024:

|                                           |     |   |       2025 |   |     |   |      2024 |   |
|:------------------------------------------|:----|:--|-----------:|:--|:----|:--|----------:|:--|
| Net cash used in operating activities     |     | $ | (3,219,000 | ) |     | $ |  (983,000 | ) |
| Net cash used in investing activities     |     | $ | (1,780,000 | ) |     | $ |         — |   |
| Net cash provided by financing activities |     | $ |  4,582,000 |   |     | $ | 1,805,000 |   |

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Net cash used in operating activities Net cash used in operating activities was approximately $3,219,000 for the three months ended March 31, 2025 and consisted primarily of cash proceeds from the sale of digital assets of approximately $1,647,000, offset by cash expenditures for operating activities of approximately $4,777,000. Net cash used in operating activities was approximately $983,000 for the three months ended March 31, 2024 and consisted primarily of cash proceeds from the sale of digital assets of approximately $6,106,000, offset by cash expenditures for operating activities of approximately $7,089,000. Net cash used in investing activities Net cash used in investing activities was approximately $1,780,000 for the three months ended March 31, 2025 and consisted of (i) the purchase of mining equipment for approximately $558,000, (ii) cash disbursement of approximately $1,222,000 for deposit under assets acquisitions agreements. Net cash provided by financing activities Net cash provided by financing activities was approximately $4,582,000 for the three months ended March 31, 2025 and consisted primarily of (i) increase in insurance premium loans of $343,000 offset by insurance premium loan payments of $47,000 and (ii) $2,095,000 of cash proceeds from issuance of Gry