Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 547

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 547
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 (Bitcoin), the underlying asset’s implied volatility, the risk -freeinterest rate, and the expected term of the redemption option. In addition, management’s assumption of the start of the redemption period, triggered by a shipment date of purchased property and equipment, is a significant unobservable input. For quantitative disclosure on the inputs used to fair value ABTC’s Bitcoin redemption option, see Note 10. Derivatives. ABTC determined that the Bitcoin redemption option is a Level 3 liability given a significant unobservable input, delivery date of the miners became observable, is included in its valuation. See the Derivativesbelow for a description of ABTC’s derivative instrument accounting policy. Assets and liabilities measured at fair value on a non-recurring basis In addition to assets and liabilities that are measured at fair value on a recurring basis, ABTC also measures certain assets and liabilities at fair value on a non -recurringbasis. ABTC’s non -financialassets, including goodwill and property and equipment, are measured at fair value when there is an indication of impairment and the carrying amount exceeds the asset’s projected undiscounted cash flows. These assets are recorded at fair value only when an impairment charge is recognized. ABTC had no impairment from its continuing operations related to its non -financialassets and liabilities measured on a non -recurringbasis during the three months ended March 31, 2025 and 2024. ABTC recognized approximately $3.1 million of impairment losses from its discontinued operations related to the Drumheller site’s non -financialassets and liabilities measured on a non -recurringbasis during the three months ended March 31, 2024. There were no discontinued operations in the three months ended March 31, 2025. See the Impairment of long -livedassets and Goodwill accounting policies below, as well as Note 3 for further discussion. The carrying amounts of ABTC’s financial assets and liabilities, such as accounts payable and accrued expenses, approximate fair value due to the short -termnature of these instruments.

F-85 American Bitcoin Corp.
Notes to the Combined Financial Statements Note 2. Significant accounting policies and recent accounting pronouncements (cont.) Digital assets Bitcoin, representing ABTC’s digital assets, is measured at fair value as of each reporting period. The fair value of digital assets is measured using the period -endclosing price from ABTC’s principal market, which is Coinbase Prime, in accordance with ASC 820. Since the digital assets are traded on a 24 -