Company: ABTC
Filing Date: 2025-08-29
Form Type: S-3/A
Source: 0001213900-25-082524
Chunk: 8

Company: American Bitcoin Corp.
Filing Date: 2025-08-29
Form: S-3/A
Chunk 8
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 general economic conditions; and |

| ● | the other important factors discussed in our Annual Report,                                                                  
 any subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, as updated by our subsequent filings under the 
 Exchange Act.                                                                                                                |

We operate in a competitive
and rapidly changing environment. The risks and uncertainties described and referred to above are not exhaustive and further information
concerning us and our business, including factors that potentially could materially affect our business, financial condition, or operating
results, may emerge from time to time. You should read this prospectus, any accompanying prospectus supplement and any documents incorporated
by reference with the understanding that our actual future results, performance and achievements may be materially different from what
we expect. We qualify all of our forward-looking statements with these cautionary statements and urge you not to place undue reliance
on any forward-looking statements. The forward-looking statements in this prospectus, any accompanying prospectus supplement and any documents
incorporated by reference, speak only as of the date of such document. Except as required by law, we do not assume any obligation to update
or revise these forward-looking statements for any reason, even if new information becomes available in the future.

<div align='center'>iv

The
Company</div>

General

Traditionally, Gryphon’s
revenue model was to mine and hold Bitcoin and sell only the Bitcoin necessary to pay its operating expenses and to reinvest in operational
expansion. Founded in October 2020, Gryphon is based in Las Vegas, Nevada. Gryphon commenced its digital assets mining operations
in September 2021.

Gryphon operates approximately
5,880 Bitcoin mining computers, which it purchased from Bitmain Technologies Limited that Gryphon has installed at a third-party hosted
mining data center located in Pennsylvania. Revenue generated by the mining of Bitcoin is measured on a dollar per megawatt-hour basis
and is variable based on the price of Bitcoin, the measure of difficulty, transaction volume and global hashrate.

On May 9, 2025, Gryphon
entered into an Agreement and Plan of Merger by and among GDM Merger Sub I Inc., a Delaware corporation and wholly owned subsidiary of
Gryphon, GDM Merger Sub II LLC, a Delaware limited liability company and wholly owned subsidiary of Gryphon, and American Bitcoin Corp.,
a Delaware corporation (“American Bitcoin”), pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock
mer