secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001193125-26-073305
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

American Bitcoin Reports Q4 and Full Year 2025 Results: Mined Bitcoin at 53% Discount, Holdings Grow to Over 6,000
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- Mined 783 Bitcoin in Q4 2025, contributing to year-end holdings of 5,401 Bitcoin (now over 6,000).
- Q4 2025 revenue rose to $78.3 million, up 22% quarter-over-quarter, with gross margin of 53%.
- Full year 2025 revenue reached $185.2 million; net loss of $153.2 million driven by $227.1 million non-cash mark-to-market loss.
- Operational efficiency improved: G&A expenses decreased from 13% to 9% of revenue quarter-over-quarter.
- Maintained installed capacity of ~25.0 EH/s with average fleet efficiency of 16.3 J/TH via Hut 8 partnership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000119312526073305/0001193125-26-073305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000119312526073305/abtc-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-073305

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer