Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 116

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 116
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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 for critical infrastructure, including Bitcoin miners, generators and transformers. Grid interconnection bottlenecks have further constrained access to power and Bitcoin mining infrastructure development. In this evolving landscape, ABTC competes directly with other Bitcoin miners for, among other things, Bitcoin miners, access to low -costefficient mining infrastructure and Bitcoin rewards. 42 ABTC believes its success depends on its ability to scale low -costBitcoin production through its infrastructure -lightmodel, including through its relationship with Hut 8 and the Hut 8 Agreements. However, this model might not provide the competitive advantage ABTC anticipates or if it does, such competitive advantage might not endure. If ABTC is unable to compete successfully or if competing successfully requires ABTC to take costly actions in response to the actions of ABTC’s competitors, ABTC’s business, financial condition and results of operations could be adversely affected. ABTC’s Bitcoin miners are hosted at sites leased by Hut 8 and the termination