Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 58

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 58
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 mining fleet as of June 30, 2025 was 23 months, while average remaining useful
life of the mining fleet as of June 30, 2024 was 52 months.

Unrealized loss (gain)
on digital assets

For
the three months ended June 30, 2025 the Company incurred an unrealized gain on digital assets of $200,000 as compared to an unrealized
loss of $318,000 for the three months ended June 30, 2024. The fair market value of Bitcoin as of March 31, 2025 was approximately $83,000
as compared to approximately $107,000 as of June 30, 2025. The increase of approximately $24,000 and the number of Bitcoin held (approximately
9 as of June 30, 2025) resulted in the unrealized gain for the three months ended June 30, 2025. The fair market value of a Bitcoin
as of April 30, 2023 was approximately $71,000 as compared to approximately $62,000 as of June 30, 2024. The decrease of approximately
$9,000 and the number of Bitcoin held by us (approximately 16 as of June 30, 2024) resulted in an unrealized loss for the three months
ended June 30, 2024.

    Changes 

    2025  
    2024  
    Dollar  
    Percentage 
  
    Unrealized gain (loss) on marketable securities 
    $23,000  
    $(56,000) 
    $79,000  
     141.1%
  
    Change in fair value of BTC Note 
     -  
     2,743,000  
     (2,743,000) 
     (100.0)
  
    Merger and acquisition costs 
     (1,970,000) 
     (394,000) 
     (1,576,000) 
     (400.0)
  
    Loss on disposal of asset 
     (83,000) 
     (146,000) 
     63,000  
     43.2 
  
    ABC merger costs 
     (989,000) 
     -  
     (989,000) 
     (100.0)
  
    Interest expense 
     (6