Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 342

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 342
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 -LocationAgreement (the “ Mawson Agreement”) with Mawson Hosting LLC (“ Mawson”) with a right to host up to 5,880 Bitcoin miners in Mawson’s facility in Midland, Pennsylvania. Pursuant to the Mawson Agreement, Gryphon is entitled to 20 MW of power at a cost of approximately $23.50 per MW/hour paid monthly with a minimum fee of approximately $165,521 per month, as well as certain other fees set forth in the agreement. The Mawson Agreement has an initial term of one year and may be terminated on sixty days’ notice. The Company has delivered 6,719 Bitcoin miners to Mawson. BitGo Custodial Services Agreement Pursuant to the BitGo Custodial Services Agreement between BitGo Trust and Gryphon, dated October 1, 2021, BitGo Trust, through its custodial services enables Gryphon to create one or more custody accounts, controlled and secured by BitGo Trust to store certain supported digital currencies and digital tokens or certain fiat currencies such as dollars or euros. BitGo Trust also provides Gryphon with the option to create non -custodialwallets that support certain digital assets via an API and web interface. Gryphon may also elect to store fiat currency with BitGo Trust. 192 The BitGo Custodial Services Agreement had an initial term of one year. After the initial term, it automatically renews for successive one -yearperiods, unless either party notifies the other of its intention not to renew at least 60 days prior to the expiration of the then -currentterm. Gryphon may terminate the BitGo Custodial Services Agreement at any time for any reason upon 30 days’ prior written notice. BitGo Trust’s cold wallets are supported by a $250 million policy issued by Lloyd’s of London. Specifically, the policy covers: copying and theft of private keys; insider theft or dishonest acts by BitGo Trust employees or executives; and loss of keys. Any theft of assets directly related to BitGo Trust’s custody of key would be covered by the policy. The policy does not cover cases where the client or a third -partyholds some of the keys themselves (e.g., hot wallets), since BitGo Trust would not be solely responsible for protecting the keys. BitGo Trust has established a comprehensive set of controls governing the business processes and technology systems using industry standards and frameworks such as the National Institute of Standards and Technology, CryptoCurrency Security Standard, Center for Internet Security and Federal