Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 586

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 586
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,027 |   |     | $            | 420,658 |   |

Changes in the carrying amount of goodwill were as follows:

| (in USD thousands)                       
 2024                                     |     | December 31, |        | 2023 |     |   |        |
|:-----------------------------------------|:----|:-------------|-------:|:-----|:----|:--|-------:|
| Balance at beginning of fiscal year      |     | $            | 57,595 |      |     | $ |      — |
| Acquisition – Business Combination       |     |              |      — |      |     |   | 56,199 |
| Foreign currency translation adjustments |     |              | (4,513 | )    |     |   |  1,396 |
| Total                                    |     | $            | 53,082 |      |     | $ | 57,595 |

As of December 31, 2024, there was no impairment of ABTC’s carrying amount of goodwill.

F-115

American Bitcoin Corp.
Notes to the Audited Combined Financial Statements Note 9. Accounts payable and accrued expenses The components of accounts payable and accrued expenses are as follows:

| (in USD thousands)                          
 2024                                        |     | December 31, |   2023 |     |   |        |
|:--------------------------------------------|:----|:-------------|-------:|:----|:--|-------:|
| Accounts payable                            |     | $            |    876 |     | $ |  6,478 |
| Accrued state sales taxes                   |     |              |  7,275 |     |   |  7,275 |
| Accrued compensation costs                  |     |              |  2,151 |     |   |  1,881 |
| Accrued electricity costs                   |     |              |  5,609 |     |   |  1,884 |
| Miner purchase liability                    |     |              | 15,096 |     |   |      — |
| Other accruals                              |     |              |      5 |     |   |  2,088 |
| Total accounts payable and accrued expenses |     | $            | 31,012 |     | $ | 19,606 |

As described in Note 5, ABTC recorded a corresponding financial liability to settle the BITMAIN Purchase Agreement. Note 10