Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 370

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 370
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 Agreement On July 1, 2021, the Company entered into the Coinmint Agreement, with Coinmint LLC (“ Coinmint”), an established operator of renewable -energydata centers, pursuant to which Coinmint provides hosting services to the Company at Coinmint’s hydro powered facility in Massena, New York (the “ Coinmint Facility”) for a 15 -monthperiod, which upon its conclusion renews automatically for successive three -monthterms unless either party delivers to the other party 90 days’ written notice of intent not to renew. Pursuant to the terms of the Coinmint Agreement, 7,200 S19j Pro Antminer machines were delivered to and installed at the Coinmint Facility. Under the terms of the Coinmint Agreement, Coinmint directly passes through the cost of electricity and maintenance costs to the Company, collects an initial reservation fee and collects a percentage of the Company’s Bitcoin mining profits. The Coinmint Agreement was terminated on October 31, 2024, with effect on January 1, 2025. Blockfusion Co-location Mining Services Agreement See “ Recent Developments — Blockfusion Agreement” above. Mawson Agreement See “ Recent Developments — Mawson Agreement” above. Anchorage Loan Agreement See “ Recent Developments — Anchorage Loan Agreement” above. Off-Balance Sheet Arrangements The Company has no off -balancesheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources. Critical Accounting Estimates The preparation of Gryphon’s consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures. To the extent that there are material differences between these estimates and actual results, our financial condition or results of operations would be affected. We evaluate our estimates and assumptions on an ongoing basis. Our estimates are based on historical experience and various other assumptions that we believe to be reasonable after taking into account our circumstances and expectations for the future based on available information. Our actual results could differ from these estimates. 210 We consider an accounting estimate to be critical if: (i) the accounting estimate requires us to make assumptions about matters that were highly uncertain at the time the accounting estimate was made and (ii) changes in the estimate that are reasonably likely to occur from period to period or use of different estimates that we reasonably could have used in the current period, would have a material impact on