6-K
Abits Group Inc (ABTS)
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 May 2025
CommissionFile Number: 333-256665
AbitsGroup Inc
Level24 Lee Garden One 33 Hysan 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:
On May 29, 2025 the Company issued a press release announcing certain highlights of its operating results for the first quarter of 2025, which press release is attached as Exhibit 99.1 to this Form 6-K
EXHIBITINDEX
| Exhibit | Description |
|---|---|
| 99.1 | Press<br> release dated May 29, 2025. |
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<br> INC | |||
|---|---|---|---|
| Date: | May<br> 28, 2025 | By: | /s/ Conglin Deng |
| Name: | Conglin<br> Deng | ||
| Title: | Chief<br> Executive Officer |
Exhibit99.1

ABTSannounces FY2025 Q1 results
HongKong, May 29, 2025 (GLOBE NEWSWIRE) — Abits Group Inc (the “Company”) (NASDAQ: ABTS)
The Company is pleased to announce certain highlights of its operating results for the first quarter of fiscal year 2025 These figures have not been reviewed or audited by the Company’s auditors.
| (‘mn) | 2025Q1 | 2024Q1 | +/- (%) | |||||
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1.78 | 2.15 | -17.2 | |||||
| Costs of revenue | (0.96 | ) | (0.86 | ) | +11.6 | |||
| Gross profit from operations | 0.82 | 1.29 |
Thegross profit from operations reflect the profitability of its mining operations in the Duff plant, before amortization of its miningassets and before deducting group’s central general and administration overheads.
During the first quarter of 2025, the Company’s mining operations had a total output of 18.86 coins, a drop of 50.4%, due solely to the halving of mining rewards from late April 2024. Gross profit achieved was $0.82 million but at a margin of 46.1%, it is still very satisfactory, thanks principally to the higher average market price of bitcoin during this period.
As previously announced, in March 2025 the Company secured a $3 million loan to finance the acquisition of 2850 units of Antminer S19XP which have been installed at the hosting facility in Memphis. Revenue from this new site comes onstream in the second quarter and should make a significant contribution to operating results from the output generated by its 12MW power supply.
SafeHarbor Statement
Thisannouncement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities LitigationReform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. Theseforward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections aboutfuture events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy,and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,”“expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,”“believe,” “potential,” “continue,” “is/are likely to” or other similar expressions.The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances orchanges in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in theseforward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautionsinvestors that actual results may differ materially from the anticipated results.
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