Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 595

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 595
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:----|------:|:--|:----|:------------------|:--|:----|:--|:--|:----|:------------------|:--|:----|:--|:--|
| Tax benefit (provision) computed at the federal statutory rate |     | $                 | 1,347 |     | 21.00 | % |     | $                 | — |     | — | % |     | $                 | — |     | — | % |
| Foreign earnings taxed at a higher rate                        |     |                   |   241 |     |  3.75 | % |     |                   | — |     | — | % |     |                   | — |     | — | % |
| Effective tax rate                                             |     | $                 | 1,588 |     | 24.75 | % |     | $                 | — |     | — | % |     | $                 | — |     | — | % |

F-121

American Bitcoin Corp.
Notes to the Audited Combined Financial Statements Note 13. Income taxes (cont.) Deferred tax assets and liabilities are recognized for temporary differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates expected to be in effect when such differences reverse. The following table summarizes the components of deferred tax assets and deferred tax liabilities: Continued Operations

| (in USD thousands)                       
 2024                                     |     | Year Ended December 31, |          | 2023 |     |   |         | 2022 |     |   |         |   |
|:-----------------------------------------|:----|:------------------------|---------:|:-----|:----|:--|--------:|:-----|:----|:--|--------:|:--|
| Deferred tax assets                      |     |                         |          |      |     |   |         |      |     |   |         |   |
| Capital tax losses carried forward       |     | $                       |    5,341 |      |     | $ |   5,800 |      |     | $ |   5,926 |   |
| Interest                                 |     |                         |    6,305 |      |     |   |   6,603 |      |     |   |   5,487 |   |
| Stock based compensation                 |     |                         |    2,014 |      |     |   |