---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-022595"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:54:15.271980+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Akerna reports Q4/FY2022 net loss of $79.1M; revenue down 23%; proposes merger with Gryphon Digital Mining

## Summary
- Net loss $79.1M for FY2022 vs $31.3M prior year; Q4 net loss $25.2M.
- Total revenue $13.6M for FY2022, down 23% YoY; software revenue $12.9M, down 19%.
- Completed sale of 365 Cannabis and Last Call Analytics in Jan 2023 for ~$2.9M.
- Announced proposed merger with Gryphon Digital Mining and sale of non-enterprise software to POSaBIT on Jan 27, 2023.
- Adjusted EBITDA loss $8.9M for FY2022 vs $8.3M prior year; cash $7.9M at Dec 31, 2022.

## SEC filing metadata
- accession: 0001213900-23-022595
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390023022595/0001213900-23-022595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390023022595/ea175572-8k425_akerna.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-022595
- JSON: https://secwatch.observer/filing/0001213900-23-022595.json
- Plain text: https://secwatch.observer/filing/0001213900-23-022595.txt

## Key facts
- Earnings Releases
  American Bitcoin Corp. reported the fiscal year ended December 31, 2022 results: revenue Total revenue was $2.8 million and $13.6 million, net income Net loss of $25.2 million and $79.1 million.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: Total revenue was $2.8 million and $13.6 million
  - Net income: Net loss of $25.2 million and $79.1 million
  - Result: reported results
  source text: Total revenue was $2.8 million and $13.6 million, down 30% and 23%, year-over-year respectively, when compared to the prior year quarter and annual periods
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390023022595/0001213900-23-022595-index.htm
- Earnings Releases
  American Bitcoin Corp. reported the fourth quarter ended December 31, 2022 results: revenue Total revenue was $2.8 million and $13.6 million, net income Net loss of $25.2 million and $79.1 million.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: Total revenue was $2.8 million and $13.6 million
  - Net income: Net loss of $25.2 million and $79.1 million
  - Result: reported results
  source text: Total revenue was $2.8 million and $13.6 million, down 30% and 23%, year-over-year respectively, when compared to the prior year quarter and annual periods
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390023022595/0001213900-23-022595-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.