Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 116

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 116
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B Capital Markets USA Inc.,
each respectively acting as sales agents (the “ATM”). The Company has used and intend to continue to use the net proceeds
from the ATM for general corporate purposes, including without limitation, repurchases and redemptions of our common stock and general
working capital. The ATM will terminate upon the earlier of (i) the issuance and sale of all of the shares of the common stock subject
to the conditions set forth in the ATM or (ii) termination of the ATM as otherwise permitted thereunder. The ATM may be terminated at
any time by either the Company or any sales agent with respect to itself upon five days’ prior notice, or by the sales agents at
any time in certain circumstances, including the occurrence of a material adverse effect on us. As of June 30, 2025, approximately $62.036
million in capacity remains under the ATM.

33

Summary of Cash
Flow

The
following table provides detailed information about the Company’s net cash flow for the six months ended June 30,

    2025  
    2024 
  
    Net cash used in operating activities 
    $(4,098,000) 
    $(782,000)
  
    Net cash used in investing activities 
    $(1,815,000) 
    $(954,000)
  
    Net cash provided by financing activities 
    $5,856,000  
    $2,040,000 

Net cash used in operating
activities

Net
cash used in operating activities was approximately $4,098,000 for the six months ended June 30, 2025, and consisted primarily of cash
proceeds from the sale of digital assets of approximately $3,094,000, offset by cash expenditures for operating activities of approximately
$7,192,000.

Net
cash used in operating activities was approximately $782,000 for the six months ended June 30, 2024, and consisted primarily of cash proceeds
from the sale of digital currency of approximately $12,969,000, offset by cash expenditures for operating activities of approximately
$13,751,000.

Net cash used in investing
activities

Net
cash used in investing activities was approximately $1,815,000 for the six months ended June 30, 2025, and consisted of (i) the purchase
of mining equipment for approximately $558,000 and (ii) cash disbursements of approximately $1,257,