ABTC 8-K
American Bitcoin Corp. (ABTC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On November 4, 2025, Hut 8 Corp. (the “Parent”), the majority owner of American Bitcoin Corp. (the “Company”), announced its financial results for the three and nine months ended September 30, 2025. As the Company is a consolidated subsidiary of the Parent, certain information regarding the Company’s operations and financial performance was included in the Parent’s earnings announcement and materials. An excerpt of the Parent’s earnings materials including certain information regarding the Company is included in this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
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Description |
99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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AMERICAN BITCOIN CORP. |
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Date: |
November 4, 2025 |
By: |
/s/ Matt Prusak |
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Name: Matt Prusak |
Q3 2025: American Bitcoin highlights Note: (1) American Bitcoin acquires Bitcoin through a combination of Bitcoin mining operations and purchases executed at prevailing market prices, primarily funded through proceeds generated under the American Bitcoin at-the-market (“ATM”) equity offering program, pursuant to which the company issued 11,017,341 shares of Class A Common Stock for gross proceeds of approximately $90.0M, incurring issuance costs of approximately $2.0M during the period from September 3, 2025 to September 30, 2025, and 5,523,058 shares of Class A Common Stock for gross proceeds of approximately $33.9M, incurring issuance costs of approximately $0.1M during the period from October 1, 2025 to November 3, 2025; (2) American Bitcoin mined 563 Bitcoin and purchased 2,451 Bitcoin during the three months ended September 30, 2025, and mined 871 Bitcoin and purchased 2,451 Bitcoin during the nine months ended September 30, 2025; (3) Bitcoin held as of September 30, 2025 includes 2,385 Bitcoin pledged or otherwise collateralized; (4) Includes 258 Bitcoin purchased by American Bitcoin during the period from October 1, 2025 to November 3, 2025; (5) Bitcoin held as of November 3, 2025 includes 2,776 Bitcoin pledged or otherwise collateralized Certain Key Financial Metrics Certain Key Bitcoin Reserve Metrics (in USD thousands, except percentage) Three Months Ended September 30, 2025 Nine Months Ended September 30, 2025 Revenue $64,220 $106,843 Cost of Revenue $28,279 $55,267 Gross Margin 56% 48% As of September 30, 2025 As of November 3, 2025 Bitcoin Held in Reserve1 3,4182,3 3,9604,5