Company: ABTS
Filing Date: 2025-12-02
Form Type: F-3/A
Source: 0001493152-25-025631
Chunk: 21

Company: Abits Group Inc
Filing Date: 2025-12-02
Form: F-3/A
Chunk 21
---
 a private placement with our CEO and Chairman of the Board of Directors, Mr. Conglin Deng, on December 6, 2021 and obtained funding for bitcoin mining asset acquisitions and working capital required for our digital data center operations and bitcoin mining business.

| 5 |

In connection with our August 2021 merger with our predecessor parent company, our Board of Directors approved and ratified December 31 as the Company’s post-reorganization fiscal year.

Abit USA was incorporated on April 27, 2022 under the laws of the State of Delaware. Abit USA operates a digital data center and conducts bitcoin mining operations.

In July 2022, the Company divested its entire interests in the Former Moxian Subsidiaries, with the result that it no longer has any substantial business operations in mainland China or Hong Kong, other than certain administrative functions supported by a team comprised three staff members of Bitmatrix.

Aibit USA Inc. was incorporated on
August 22, 2023 under the laws of the State of Delaware. It was subsequently renamed “Abits Inc.” on November 22, 2023. Abits
Inc. engages in bitcoin mining business.

On October 25, 2023, the Company’s Board of Directors approved to change the name of the Company from “Moxian (BVI) Inc” to “Abits Group Inc”. On November 14, 2023, the British Virgin Islands Registrar of Corporate Affairs issued the certificate of change of name to the Company. In connection with the corporate name change, the Board of Directors approved to change the ticker symbol for the Company’s ordinary shares traded on the Nasdaq Capital Market from “MOXC” to “ABTS”. The ticker symbol change effected on Nasdaq on November 17, 2023.

As of the date of this prospectus, our wholly-owned subsidiaries are as follows:

| Subsidiary                    |     | Jurisdiction     
 of incorporation |
| Abit                          
 Hong Kong Limited             |     | Hong             
 Kong             |
| Abit                          
 USA, Inc.                     |     | Delaware         |
| Abits                         
 Inc.                          |     | Delaware         |
| Beijing                       
 Bitmatrix Technology Co. Ltd. |     | China            |

Recent Events

Amended and Restated Memorandum and Articles of Association

On February 13, 2025, our Board of
Directors approved to change the maximum number of shares the Company is authorized to issue from 200,000,000 shares