Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 375

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 375
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 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 ABTC believes is a sustainable competitive advantage in below -marketBitcoin production. Layer 2: Scale the Reserve In addition to building an efficient engine to drive low -costBitcoin production, ABTC aims to leverage its capital strategy to increase the size of its Bitcoin reserve. ABTC’s goal is to utilize public markets and strategic financing structures to access efficient capital and leverage that capital to increase its Bitcoin in reserve per share. Following the Closing, additional capital