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6-K

Abits Group Inc (ABTS)

6-K 2024-01-11 For: 2024-01-11
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Added on April 11, 2026

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM6-K

REPORTOF FOREIGN PRIVATE ISSUER

PURSUANTTO RULE 13a-16 OR 15d-16

UNDERTHE SECURITIES EXCHANGE ACT OF 1934

Forthe month of January 2024

CommissionFile Number: 333-256665

AbitsGroup Inc

Level11 Lee Garden One

33Hysan Avenue

CausewayBay

HongKong SAR, China

(Addressof principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.:

Form 20-F ☒ Form 40-F ☐


ExplanatoryNote:

As previously reported, on October 12, 2023, the Registrant received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Registrant that the minimum closing bid price per share for its ordinary shares was below $1.00 for a period of 30 consecutive business days and that the Registrant did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). The Registrant was provided 180 calendar days, or until April 9, 2024, to regain compliance with the Minimum Bid Price Rule.

Since then, Nasdaq has determined that for 10 consecutive business days, from December 26, 2023 through January 9, 2024, the closing bid price of the Registrant’s ordinary shares has been at $1.00 per share or greater. On January 10, 2024, Nasdaq notified the Registrant that the Registrant has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed.

On January 11, 2024, the Registrant issued a press release titled “Abits Group Regains Compliance with NASDAQ Minimum Bid Price Requirement.” A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K.

EXHIBITINDEX

Exhibit Description
99.1 Press<br> release dated January 11, 2024

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, thereunto duly authorized.

ABITS GROUP INC
Date:<br> January 11, 2024 By: /s/ Deng Conglin
Name: Deng<br> Conglin
Title: Chief<br> Executive Officer

Exhibit99.1


AbitsGroup Regains Compliance with NASDAQ Minimum Bid Price Requirement

HongKong, January 11, 2024 (GLOBE NEWSWIRE) — Abits Group Inc (the “Company”) (NASDAQ: ABTS), a company engaged in bitcoin mining and related services in the United States, announced today on January 10, 2024, it received notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has regained compliance with NASDAQ’s minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed.

AboutAbits Group Inc

Abits Group Inc (formerly Moxian (BVI) Inc), a company organized in the British Virgin Islands in May 2021, is the surviving company following its merger with Moxian, Inc. in August 2021. Abits Group Inc is a new generation digital company, with self-mining operations in the State of Tennessee through a wholly owned subsidiary, ABIT USA, Inc.

Forward-LookingStatements

Thisannouncement contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934 as amended. These forward-lookingstatements are based on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be governed by termssuch as “will,” “expect,” “anticipate,” “future,” “intend,” “plan,”Believe, “estimate”, “potential”, “continue”, “in progress”, “goal”, “guidanceexpectations” and similar statements are identified. The company may also include in its periodic reports to the US Securitiesand Exchange Commission (“SEC”), annual reports to shareholders, press releases and other written materials, as well as oralstatements from third parties to the company’s management, directors or employees. Any statements that are not historical facts,including statements about the company’s philosophy and expectations, are forward-looking statements that involve factors, risks,and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These factors andrisks include, but are not limited to, the following: company’s goals and strategies; future business development; financial statusand operating results; expected growth of bitcoin mining industry and Internet media marketing industry; demand and acceptance of thecompany’s products and services; the relationship between the company and strategic partners; industry competition; and policiesand regulations related to the company’s structure, business and industry. More detailed information about these and other risksand uncertainties is included in the company’s filings with the Securities and Exchange Commission. All information provided inthe company’s introduction is the latest information as of the date of publication of the company. Except as provided by applicablelaw, the company is not obligated to update such information.


Forfurther information, please contact:

Wanhong Tan

Chief Financial Officer

+852 9855 6575

[email protected]