Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 369

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 369
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 Agreement. For the Giga Purchase Agreement, the Company had approximately $350,000 of cash deposits. For the Erikson Purchase Agreement, the Company had $447,000 of cash deposits and approximately $161,000 of professional fees. Also, the Company had approximately $236,000 of legal fees related to three other potential acquisitions that it has expensed. Interest expense The interest expense of $330,000 for the three months ended March 31, 2024, was related to the note payable denominated in Bitcoin. As to the Bitcoin denominate note payable was settled in October 2024 and accounted for as a troubled debt restructuring, the new note payable principal balance was increased for aggregate future interest expense, as such the monthly interest payment reduces the note payable balance; therefore, the Company did not recognize interest expense for the three months ended March 31, 2025. Year ended December 31, 2024 compared to the year ended December 31, 2023 The following table shows the Company’s results of operations for the year ended December 31:

| Revenues                                   |     | 2024 |             |   |     | 2023 |             |   |     | Change 
 Dollar |            |   |     | Percentage |    |
|:-------------------------------------------|:----|:-----|------------:|:--|:----|:-----|------------:|:--|:----|:-------|-----------:|:--|:----|-----------:|:---|
| Mining revenues                            |     | $    |  20,539,000 |   |     | $    |  21,052,000 |   |     | $      |   (513,000 | ) |     |       (2.4 | )% |
| Management services                        |     |      |           — |   |     |      |     873,000 |   |     |        |   (873,000 | ) |     |     (100.0 | )  |
| Total revenues                             |     |      |  20,539,000 |   |     |      |  21,925,000 |   |     |        | (1,386,000 | ) |     |       (6.3 | )  |
| Operating cost                             |     |      |             |   |     |      |             |   |     |        |            |   |     |            |    |
| Cost of