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ABTS on Nasdaq

Abits Group Inc

Abits Group Inc is a finance services company in the British Virgin Islands, listed on Nasdaq (ABTS).1

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Last updated Oct 21, 2026.

Overview

$9.1MRevenue, fiscal 20252
-$2.9MNet income, fiscal 20252

Compare with POWERCOMPUTE, INC., Hyperliquid Strategies or Stablecoin Development Corp, or pick any stock.

  • TickerABTS on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersD81
  • Incorporated inVirgin Islands, British3
  • Business addressLevel 24 Lee Garden One 33 Hysan, Avenue, Causeway Bay, Hong Kong Sar3
  • Filer categoryNon-accelerated filer3

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2022, the Company completed its capital raising exercise, with a total subscription of 16 million new ordinary shares for $40 million.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

40.3%Operating margin2
-31.4%Net margin2
36.0%Revenue growth, 20252
-36.9%Return on equity2
0.05×Debt to equity2
-$1.7MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Bitcoin Operations in Duffsite brought in 65% of the revenue Abits Group Inc broke down this way in fiscal 2025.

  1. Bitcoin Operations in Duffsite$5.9M265%down 10% from 2024
  2. Bitcoin Operation in Memphis site$2.9M232%
  3. Hosting Fees From Third Parties$309.1K23%up 120% from 2024
Products and services by year
Products and services202320242025
Bitcoin Operations in Duffsite$1.7M$6.6M$5.9M
Bitcoin Operation in Memphis site$2.9M
Hosting Fees From Third Parties$140.7K$309.1K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue60¢$5.5M
  • Other costs39¢$3.6M
  • Income tax1¢$103.3K

Out of $9.1M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$3.1M

Out of $1.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Revenue562$9.1M in 2025+2364% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $370.4K$370.4K20192020: $946.5K$946.5K2020+156%2021: $219.3K$219.3K2021−77%2022: $164.4K$164.4K2022−25%2023: $1.7M$1.7M2023+923%2024: $6.7M$6.7M2024+299%2025: $9.1M$9.1M2025+36%
Operating income562$3.7M in 2025
-$4.0M-$2.0M0$2.0M$4.0M2019: -$529.7K-$529.7K20192020: $72.7K$72.7K20202021: -$2.9M-$2.9M20212022: -$197.1K-$197.1K2022−93%2023: $1.2M$1.2M20232024: $3.4M$3.4M2024+175%2025: $3.7M$3.7M2025+9%
Net income562-$2.9M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2019: $300.5K$300.5K20192020: $72.7K$72.7K2020−76%2021: -$2.7M-$2.7M20212022: -$21.5M-$21.5M2022+685%2023: -$12.6M-$12.6M2023−42%2024: -$909.7K-$909.7K2024−93%2025: -$2.9M-$2.9M2025+215%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue$9.1M$6.7M$1.7M
Direct costs of revenue-$5.5M-$3.3M-$455.5K
Profit from operations$3.7M$3.4M$1.2M
General and administrative expenses-$2.5M-$2.1M-$1.5M
Depreciation-$3.5M-$2.6M-$436.5K
Write-off of miners-$474.9K-$4.5M
Provision for diminution of miners-$7.4M
Profit/(Loss) on disposal of miners and other net income$1.8K$34.8K-$83.1K
Changes in value of digital assets$381.7K$535.1K$92.1K
Finance expense-$286.1K-$31.8K-$18.9K
Loss before tax-$2.8M-$798.3K-$12.6M
Taxation-$103.3K-$111.4K
Loss after tax-$2.9M-$909.7K-$12.6M
Foreign exchange adjustment$2.6K-$22.0K-$20.1K
Comprehensive loss for the year-$2.9M-$931.7K-$12.6M
Basic loss per ordinary share-$1.21-$0.39-$5.32
Diluted loss per ordinary share-$1.21-$0.39-$5.32
Basic average number of ordinary shares outstanding2.4M shares2.4M shares2.4M shares
Diluted average number of ordinary shares outstanding2.4M shares2.4M shares2.4M shares

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Corporate structure

Abits Group Inc sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Abits Group Inc

  • Abits Group Inc D8

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Abits Group Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$15.2M2 Dec 31, 2025$12.5M2 Dec 31, 2024+20.9%
Accumulated depreciation$6.6M2 Dec 31, 2025$3.1M2 Dec 31, 2024+113.7%
Property and equipment, net$8.5M2 Dec 31, 2025$9.4M2 Dec 31, 2024−9.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$83.8K2 Dec 31, 2025$1.1M2 Dec 31, 2024−92.5%

Leadership

Who has led Abits Group Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Conglin Deng2026–now
2025
Board members and other officers (4)

Former names

  • Moxian (BVI) IncMay 28, 2021 to Nov 8, 20233

Timeline

  1. Apr 17, 2026New chief executive Conglin Deng becomes CEO8

Filings

92 filings to the SEC since October 2021: 10 annual reports, 7 insider forms, 6 large holders, 69 other. The latest 20:

  1. Oct 15, 20266-K EDGAR
  2. Oct 15, 20263 EDGAR
  3. Oct 13, 20263 EDGAR
  4. Oct 7, 20266-K EDGAR
  5. Sep 17, 20266-K EDGAR
  6. Sep 9, 2026SCHEDULE 13D EDGAR
  7. Aug 11, 20266-K EDGAR
  8. Aug 10, 2026SCHEDULE 13D/A EDGAR
  9. Jul 29, 2026SCHEDULE 13G/A EDGAR
  10. Apr 29, 20266-K EDGAR
  11. Apr 29, 202620-F EDGAR
  12. Apr 22, 2026SCHEDULE 13G EDGAR
  13. Apr 17, 20264 EDGAR
  14. Mar 31, 20263 EDGAR
  15. Mar 31, 20263 EDGAR
  16. Mar 31, 20263 EDGAR
  17. Mar 31, 20263 EDGAR
  18. Feb 26, 20266-K EDGAR
  19. Feb 24, 2026424B5 EDGAR
  20. Dec 31, 20256-K EDGAR

The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Abits Group Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAbits Group Inc1
  • CIK0001864055
  • Filer statusNon-accelerated filer not an emerging growth company; a shell company4
  • Incorporated inD84
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressLevel 24 Lee Garden One 33 Hysan, Avenue, Causeway Bay, Hong Kong Sar, Hong Kong1
  • Phone852 2961 48881
  • Shares outstanding2,369,995 shares as of Dec 31, 20254
  • AuditorAudit Alliance LLP, Singapore, PCAOB ID 3487; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 28, 20211
  • Filings101 in all: 6-K (56), 3 (7), 20-F (6), 20-F/A (4), CORRESP (4), UPLOAD (4), F-3/A (3), EFFECT (2)1
    All 22 form types

    NT 20-F (2), 4 (1), 424B3 (1), 424B5 (1), 6-K/A (1), F-3 (1), F-4 (1), F-4/A (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, no par value per shareABTSNasdaq

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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