Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 116

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 116
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TC may be required to accept terms that restrict its ability to incur additional indebtedness or take other actions, including terms that require ABTC to maintain a specified level of liquidity or other balance sheet ratios that may not be in the interests of other stockholders. 41 Failure of critical systems related to ABTC’s operations could have a material adverse effect on its business, financial condition; and results of operations. The critical systems related to ABTC’s operations are subject to failure and such failure could result in service interruptions to ABTC and/or damage to its equipment, which could significantly disrupt ABTC’s normal business operations, harm its reputation and reduce its revenue. The destruction or severe impairment of any of the facilities at which ABTC’s Bitcoin miners are hosted could result in significant downtime. ABTC’s operations are subject to temporary or permanent interruption by factors that include but are not limited to: •failure by ABTC or its suppliers, including Hut 8 Corp. (“ Hut 8”) to provide adequate service or maintain equipment; •power loss or plant downtimes; •equipment failure; •human error and accidents; •theft, sabotage and vandalism; •network connectivity downtime and fiber cuts; •service interruptions resulting from server relocation; •security breaches of infrastructure maintained by ABTC’s suppliers, including Hut 8; •failure by ABTC or its suppliers, including Hut8, to obtain, maintain and comply with the terms and conditions of applicable government permits and approvals •physical, electronic and cybersecurity breaches; •animal incursions; •fire, earthquake, hurricane, tornado, flood and other natural disasters; •extreme temperatures; •water damage; •public health emergencies; and •terrorism. The occurrence of any of these events may have a material adverse effect on ABTC’s business, financial condition and results of operations. ABTC may not be able to compete effectively against its current and future competitors. The industry in which ABTC operates is highly competitive and continuously evolving. ABTC expects competition to further intensify as the industry that ABTC operates in continues to grow. As ABTC expands in its existing markets and enters new markets, ABTC is expected to compete against an increasing number of companies operating both within North America and abroad that may be more established or have greater financial and other resources and/or expertise. Driven by the proliferation of energy -intensiveapplications such as Bitcoin mining and high performance computing (“ HPC”), demand for energy capacity continues to outpace supply. At the same time, supply chain disruptions and regulatory constraints have extended lead times