Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 462

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 462
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     | $ | 15,186,000 |     | $ |   14,115,000 |   |
| Net carrying amount        |     | $ |  2,609,000 |     | $ |    2,994,000 |   |

Purchase of mining machines

In March 2025, the Company purchased 1,900 SI 9JPro series machines with an extended warranty. The purchase price was a cash payment of approximately $ and the issuance of $ of the Company’s common stock at a price of $ per share. The common stock had a fair market price of approximately $ on the commitment date. As of March 31, 2025, the Company paid $ of the $ cash payment due. The issuance of $ of the Company’s common stock remains outstanding.

F-21

Gryphon Digital Mining, Inc.
Notes to the Unaudited Condensed Consolidated Financial Statements
For the Three Months Ended March 31, 2025

NOTE 6 — ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

The following table summarizes accounts payable and accrued liabilities, as of:

|                     |     |   | March 31, 
      2025 |     |   | December 31, 
         2024 |
|:--------------------|:----|:--|----------:|:----|:--|-------------:|
| Accounts payable    |     | $ | 6,856,000 |     | $ |    5,514,000 |
| Accrued liabilities |     |   | 2,978,000 |     |   |    3,531,000 |
| Total               |     | $ | 9,834,000 |     | $ |    9,045,000 |

NOTE 7 — NOTE PAYABLE

The following table summarizes the balance of the note payable as of:

|                                  |     |   | March 31, 
      2025 |   |     |   | December 31, 
         2024 |   |
|:---------------------------------|:----|:--|----------:|:--|:----|:--|-------------:|:--|
| Principal – Note Payable         |     | $ | 5,000,000 |   |     | $ |    5,000,000 |   |
| Aggregate interest to be paid    |     |   |   638,000 |   |     |