Abits Group Inc
abitsgroup.comWhat Do They Do?
Mines bitcoin through computing power supplied to mining pools and hosts third-party mining equipment.
20-F for FY2025, filed Apr 29, 2026In view of the widespread adoption of blockchain technology and bitcoin worldwide, the Company determined to enter the bitcoin mining…View ↗
The Company participates in mining pools wherein groups of miners associate to pool resources and earn cryptocurrency together allocated to…View ↗
On December 20, 2024, Abit USA entered into a hosting agreement with 4545 S Mendenhall LLC (the “Hosting Agreement”) for the provision of…View ↗
How Do They Make Money?
Mining pools compensate the company in bitcoin for computing power as it is supplied, based on a formula or a share of block rewards. Hosting customers pay energy and service costs plus a share of net profit for equipment hosting.
20-F for FY2025, filed Apr 29, 2026The Company has entered into digital asset mining pools by executing contracts with mining pool operators to provide computing power to the…View ↗
a Full-Pay-Per-Share pay out of bitcoin based on a contractual formula, which primarily calculates the hash rate provided by the Company to…View ↗
A fractional share of the fixed Bitcoin award the mining pool operator receives (less digital asset transaction fees to the mining pool…View ↗
On December 20, 2024, Abit USA entered into a hosting agreement with 4545 S Mendenhall LLC (the “Hosting Agreement”) for the provision of…View ↗
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20-F for FY2025, filed Apr 29, 2026
FY2025 revenue by product or service ↗
$9.1M
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20-F for FY2025, filed Apr 29, 2026
$9.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Bitcoin Operations in Duffsite
Recurring
20-F for FY2025, filed Apr 29, 2026 |
65% |
Bitcoin Operations in Duffsite, FY2025
$5.9M Sources
|
Recurring |
|
Bitcoin Operation in Memphis site
Recurring
20-F for FY2025, filed Apr 29, 2026 |
32% |
Bitcoin Operation in Memphis site, FY2025
$2.9M Sources
|
Recurring |
|
Hosting Fees From Third Parties
Recurring
|
3.4% |
Hosting Fees From Third Parties, FY2025
$309.1K Sources
|
Recurring |
Who Are Their Customers?
The company supplies computing power directly to mining pool operators and provides hosting services to third parties with mining equipment at its Memphis data center.
20-F for FY2025, filed Apr 29, 2026The Company has entered into digital asset mining pools by executing contracts with mining pool operators to provide computing power to the…View ↗
The Company participates in mining pools wherein groups of miners associate to pool resources and earn cryptocurrency together allocated to…View ↗
On December 20, 2024, Abit USA entered into a hosting agreement with 4545 S Mendenhall LLC (the “Hosting Agreement”) for the provision of…View ↗
Do Revenues Turn Into Profits?
No. It lost $2.9M in FY2025.
20-F for FY2025, filed Apr 29, 2026
$3.7MView ↗
20-F for FY2025, filed Apr 29, 2026
−$2.9MView ↗
20-F for FY2025, filed Apr 29, 2026
−$1.7MView ↗
How Are They Changing?
Added equipment hosting
The older report described its facility as solely for bitcoin mining; the latest report also describes hosting services for third parties’ mining equipment.
20-F for FY2022, filed May 15, 2023 20-F for FY2025, filed Apr 29, 2026As of the date of this Report, the Company has identified a suitable site in Eastern Tennessee and will continue to identify other suitable…View ↗
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