Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 117

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 117
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 to significant volatility due to supply and demand imbalances, especially in the day -aheadand spot markets. Power availability and prices may also be materially impacted by other factors outside of ABTC’s control, including: •changes in generation capacity in the markets in which ABTC’s Bitcoin miners operate, including changes in the supply of power as a result of the development of new plants, expansion, reduction or retirement of existing plants, the continued operation of uneconomic power plants due to state subsidies or additional or reduced transmission capacity; •environmental regulations and legislation; •electric supply disruptions, including plant outages and transmission disruptions; •changes in power transmission infrastructure; •fuel price volatility; •fuel transportation capacity constraints or inefficiencies; •development of new fuels, new technologies and new forms of competition for the production of power; •changes in law, including judicial decisions; •weather conditions, including extreme weather conditions and seasonal fluctuations, including the effects of climate change; •changes in commodity prices and the supply of commodities, including natural gas, coal and oil; •changes in the demand for power or in patterns of power usage; •economic and political conditions; •supply and demand for energy commodities; •supply chain disruption of electrical components needed to transmit energy; •availability of competitively priced alternative energy sources; •ability to procure satisfactory levels of inventory; and •changes in capacity prices and capacity markets. Such factors and the associated fluctuations in power availability and prices could affect the cost of power for ABTC’s operations, which are passed through from Hut 8 to ABTC through the MCSA. Although Hut 8 maintains limited backup power at certain sites, it may not be feasible to run ABTC’s operations on back -uppower generators in the event of a restriction on electricity or a power outage. Planned or unplanned outages at the power grids that ABTC relies on may require Hut 8 to purchase power at then -currentmarket prices and pass along such costs to ABTC, which could have a negative impact on the cost structure of ABTC’s operations. To the extent ABTC is unable to receive adequate power supply and is forced to reduce or cease its operations due to the unavailability or cost of electrical power, ABTC’s business, financial condition and results of operations would be adversely affected. Furthermore, there can be no assurance that power suppliers will service Hut 8’s facilities that ABTC’s Bitcoin miners are hosted at or that such suppliers will continue to provide ABTC with power for any period of time. These agreements may be terminated