Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 367

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 367
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 Impairment of Bitcoin miners decreased to $0 for the year ended December 31, 2024, from $8,335,000 for the year ended December 31, 2023. The decrease was due to the carrying amount of the Bitcoin miners being equal to or below the fair market value of the asset group. As such, pursuant to ASC 360, the Company determined no impairment losses occurred during 2024. Unrealized gain on digital assets As of January 1, 2024, the Company implemented ASU 2023 -08: Accounting for and Disclosure of Crypto Assets. ASU 2023 -08requires entities to measure crypto assets that meet specific criteria at fair value with changes recognized in net income each reporting period. ASU 2023 -08requires an entity to present crypto assets measured at fair value separately from other intangible assets in the balance sheets and record changes from the remeasurement 206

of crypto assets separately from changes in the carrying amounts of other intangible assets in the income statement. For the year ended December 31, 2024, the Company recognized a $1,566,000 unrealized gain in the fair market value of its digital asset holdings. Realized gain on sale of digital assets Realized gain on the sale of digital assets decreased to $0 for the year ended December 31, 2024, from to $535,000 for the year ended December 31, 2023. With the implementation of ASU 2023 -08, realized gains on the sale of digital assets has been eliminated, since the digital assets are marked to market prior to sale. Other expenses

|                                                 |     | 2024 |            |   |     | 2023 |             |   |     | Change 
 Dollar |            |   |     | Percentage |    |
|:------------------------------------------------|:----|:-----|-----------:|:--|:----|:-----|------------:|:--|:----|:-------|-----------:|:--|:----|-----------:|:---|
| Unrealized (loss) gain on marketable securities |     | $    |   (288,000 | ) |     | $    |     168,000 |   |     | $      |   (456,000 | ) |     |     (271.4 | )% |
| Realized gain from use of digital assets        |     |      |          — |   |     |      |