Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 110

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 110
---
 cost 

    Cost of revenues (excluding depreciation) 
     1,608,000  
     3,803,000  
     (2,195,000) 
     (57.7)
  
    General and administrative expenses 
     1,647,000  
     3,828,000  
     (2,181,000) 
     (57.0)
  
    Stock-based compensation expense 
     39,000  
     140,000  
     (101,000) 
     (72.1)
  
    Depreciation expense 
     515,000  
     3,292,000  
     (2,777,000) 
     (84.4)
  
    Unrealized (gain) loss on digital assets 
     (200,000) 
     318,000  
     (518,000) 
     (162.9)
  
    Total operating expenses 
     3,609,000  
     11,381,000  
     (7,772,000) 
     (68.3)
  
    Loss from operations 
     (2,232,000) 
     (5,866,000) 
     (3,634,000) 
     (62.0)
  
    Other (expenses) income 
     (3,025,000) 
     1,857,000  
     (4,882,000) 
     (262.9)
  
    Loss before provision for income taxes 
    $(5,257,000) 
    $(4,009,000) 
    $1,248,000  
     31.1%

Mining revenues

Mining
revenues decreased to $1,377,000 for the three months ended June 30, 2025 from $5,515,000 for the three months ended June 30, 2024. The
decrease in mining revenues of $4,138,000 was due to a combination of factors. The average value of bitcoin mined for the three months
ended June 30, 2025 was $98,000 compared to $66,000 for the three months ended June 30, 2024, an increase of $32,000, or 49.0%. For the
three months ended June 30