$ABTC Cashflow Statement | Understand Stock

$ABTC

$7.70 -$0.05 (0.65%) After hours

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Combined Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Operating activities
Equity in losses of investment
Net Income Loss
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Gain on sale of discontinued operations, net
Loss on sale of investment
Bad debt expense
Gain from settlement of BTC Note
Impairment of digital assets
Realized gain from sale of digital assets
Realized gain from use of digital assets
Unrealized gain on digital assets
Impairment of miners
Depreciation expense
Forfeiture of restricted common stock awards
Compensation cost related to restricted common stock awards
Fair value of common stock issued to consultants
Compensation for services contributed by the Company’s President
Unrealized loss (gain) on marketable securities
Loss on asset disposal
Change in fair value of BTC Note
Interest expense
Digital asset revenue
Other
Depreciation and amortization
Non-cash lease expense
Stock-based compensation
Loss on write off of fixed assets
Gain on forgiveness of PPP loan
Amortization of deferred contract costs
Non-cash interest expense
Foreign currency gain
Impairment of long-lived assets
Change in fair value of convertible notes
Change in fair value of derivative liability
Change in fair value of contingent consideration
Bitcoin mining revenue
Loss (gain) on digital assets
Deferred tax assets and liabilities
Gain on derivatives
Loss on sale of property and equipment
Gain on warrant liability
Gain on debt extinguishment
Amortization of debt discount
Paid-in-kind interest expense
Loss on discontinued operations

Changes in assets and liabilities:
Proceeds from the sale of digital assets
Accounts receivable
Prepaid expenses
Deposits and prepaid expenses
Other assets
Accounts and other receivable
Income taxes payable
Accounts payable and accrued expenses
Deferred income tax liabilities
Deferred revenue
Due to Hut 8

Net cash used in operating activities

Investing activities
Developed software additions
Furniture, fixtures, and equipment additions
Fixed asset additions
Proceeds from sale of digital assets
Purchases of digital assets
Deposit paid to purchase property and equipment
Purchases of property and equipment
Proceeds from the sale of miners
Refundable deposit
Proceeds from sale of property and equipment
Cash assumed from the Mergers
Proceeds received from sale of discontinued operations, net
Proceeds received from sale of investment
Net cash (used) provided by investing activities

Financing activities
Value of shares withheld related to tax withholdings
Proceeds from unit and pre-funded unit offering, net
Payment for insurance payable
Issuance of note payable for insurance premiums
Repayments of loans payable
Cash paid for legal fees incurred for BTC Note restructuring
Proceeds from registered direct offering
Proceeds from the exercise of pre-funded warrants
Cash acquired in connection with the reverse recapitalization
Proceeds from issuance of common stock - ATM
Cash expenses for issuance of common stock
Debt issuance costs paid
Proceeds from the issuance of Class A common stock - private placement, net of issuance costs
Proceeds from the ATM offering program, net
Proceeds from the issuance of convertible notes
Principal payments of convertible notes
Proceeds from the issuance of convertible redeemable preferred stock, net
Redemption of convertible redeemable preferred stock
Proceeds from the issuance of Class A common stock - at-the-market offering, net of issuance costs
Proceeds from the issuance of Class A common stock - warrant exercises
Net transfer from Hut 8 - non-cash
Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash and restricted cash
Net (decrease) increase in cash and restricted cash
Net change in cash
Cash and restricted cash of continuing operations - beginning of period
Cash and restricted cash of discontinued operations - beginning of period
Cash-beginning of period
Cash-end of period
Restricted cash
Net increase in cash
Cash, beginning of period
Cash and restricted cash of continuing operations - end of period
Cash and restricted cash of discontinued operations - end of period
Cash, end of period
Supplemental cash flow information:
Cash paid for interest
Vesting of restricted stock units
Settlement of convertible notes in common stock
Capitalized software included in accrued expenses
Settlement of convertible notes in preferred stock
Stock-based compensation capitalized as software development
Cash paid for income taxes
Non-cash transactions
Vesting of restricted stock units
Accrued expenses for issuance of common stock
ASC 2023-08 fair value adjustment
Fair value of common stock issued for settlement of BTC Note
Fair value of warrants issued for settlement of BTC Note
Promissory note issued for settlement of BTC Note
Digital assets used for principal and interest payment BTC Note
Digital assets received for the issuance of Class A common stock
Property and equipment acquired under miner purchase liability
Conversion of exchangeable shares to common stock
Settlement of liabilities with common stock
Shares issued in connection with an asset purchase

Cash
Accounts receivable
Prepaid expenses and other current assets
Fixed assets
Intangible assets
Goodwill
Accounts payable and accrued liabilities
Deferred tax liabilities
Deferred revenue
Contingent consideration
Shares returned in connection with acquisition (see Note 4)
Shares issued in connection with asset purchase
Reduction to accrued expenses from an acquisition-related working capital settlement (see Note 4)
Settlement of liabilities with common stock
Shares returned in connection with acquisition
Reduction to accrued expenses from an acquisition-related working capital settlement
Assets acquired, including goodwill, net of liabilities assumed in the Mergers, net of cash acquired
Warrants exercised
Reclassification of deposits and prepaid expenses to property and equipment
Debt extinguished
Assets transferred in debt extinguishment
Mining revenue in accounts receivable, net
Common stock issued as part of debt restructuring
Contribution from Hut 8 in connection with debt extinguishment
Right-of-use assets obtained in exchange for operating lease liabilities
Assets acquired net of liabilities assumed on completion of the Hut 8 Business Combination

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