Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 372

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 372
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 with other changes to segment disclosure requirements. The standard will be effective for fiscal years beginning after December 15, 2023 and interim periods beginning on or after December 15, 2024. We have implemented the provisions of the ASU 2023 -07. See Note 1 of the “ Notes to Consolidated Financial Statements” in this proxy statement/prospectus. 211

ABTC’s BUSINESS Overview ABTC’s business objective is Bitcoin accumulation and it aims to pursue that goal through a levered strategy that combines efficient Bitcoin mining, disciplined Bitcoin reserve expansion and focused ecosystem engagement. ABTC’s Strategy ABTC’s strategy consists of three distinct layers:

| Layer 1                                                          
 Build the Engine                                                 | Layer 2                                                 
 Scale the Reserve                                       | Layer 3                                                                       
 Lead the Ecosystem                                                            |
| Build efficient operations to produce Bitcoin below market cost. | Leverage capital availability to scale Bitcoin reserve. | Harness operational scale and treasury accumulation for ecosystem leadership. |

Together, these layers reinforce ABTC’s vision of a capital -efficientplatform for long -termBitcoin accumulation, built to align with the network’s growth and the emergence of Bitcoin as a potential sovereign -gradeasset. Layer 1: Build the Engine ABTC’s foundation is built on producing Bitcoin below -marketcost through a capital efficient, infrastructure -lightoperating model. Rather than deploying capital into physical infrastructure ownership, ABTC prioritizes direct Bitcoin -generatingassets: it owns Bitcoin miners that operate at facilities managed by Hut8, a proven developer and operator of low -costcompute capacity across North America. This strategic approach enables ABTC to convert capital directly into Bitcoin exposure while minimizing fixed infrastructure investments. By prioritizing ownership of Bitcoin miners and Bitcoin reserve growth over land, buildings or electrical infrastructure, ABTC focuses on maintaining operational flexibility and capital efficiency. As of May31, 2025, ABTC owned over 60,000 Bitcoin miners with a cumulative hashrate of 10.17 EH/s and weighted average fleet efficiency of 21.2 J/TH. Its Bitcoin miner fleet primarily comprises Bitmain S21 series and MicroBt M5X and M6X series machines. Through its strategic partnership with Hut8, ABTC maintains access to a robust pipeline of high -efficiencycapacity expansions. Bitcoin mining serves as ABTC’s foundational engine for Bitcoin accumulation, not as an end in itself. ABTC’s Layer 1 strategy is designed to maximize long -termBitcoin ownership per dollar of capital deployed, creating what AB