Company: ABTS
Filing Date: 2025-01-21
Form Type: F-3
Source: 0001493152-25-003076
Chunk: 14

Company: Abits Group Inc
Filing Date: 2025-01-21
Form: F-3
Chunk 14
---
lication of Being a Foreign Private Issuer

We are a foreign private issuer within the meaning of the rules under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As such, we are exempt from certain provisions applicable to United States domestic public companies. For example:

| ● | we                                                                                                                                  
 are not required to provide as many Exchange Act reports or provide periodic and current reports as frequently as a domestic public 
 company;                                                                                                                            |

| ● | we                                                                                                                                
 are exempt from certain U.S. federal securities law provisions applicable to U.S. domestic issuers and are also permitted to rely 
 on exemptions from certain Nasdaq corporate governance standards applicable to U.S. issuers, and such exemptions may afford less  
 protection to shareholders;                                                                                                       |

| ● | we                                                                                                          
 are not required to provide the same level of disclosure on certain issues, such as executive compensation; |

| ● | we                                                                                                                                         
 are exempt from certain provisions of Regulation FD aimed at preventing issuers from making selective disclosures of material information; 
 and                                                                                                                                        |

| ● | we                                                                                                                                  
 are not required to comply with the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations 
 in respect of a security registered under the Exchange Act.                                                                         |

| 8 |

Selected Consolidated Financial Information

In the table below, we provide you with selected consolidated statements of operations data for the six months ended June 30, 2024 and for the fiscal years ended December 31, 2023, 2022 and 2021 and the selected consolidated balance sheets data as of June 30, 2024 and December 31, 2023 and 2022. Our historical results do not necessarily indicate results expected for any future periods. The selected consolidated financial data should be read in conjunction with, and are qualified in their entirety by reference to, our audited consolidated financial statements and related notes.

Consolidated Statements of Operations Information

<div align='center'>(All amounts in U.S. dollars)</div>

|                                                           |     | Six Months 
 Ended      |                 June 
 30, 2024 (Unaudited) |   |     | Six Months 
 Ended      |                 June 
 30, 2023 (Unaudited) |   |
|:----------------------------------------------------------|:----|:-----------|---------------------:|:--|:----|:-----------|---------------------:|:--|
| Revenue                                                   |     | $          |            3