---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-028856"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:47:21.822622+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gryphon Digital Mining reports FY2023 net loss $28.6M; mining revenue $21.1M

## Summary
- Net loss $28.6M (diluted EPS -$1.15) vs net income $3.5M in 2022; includes $36.5M non-cash charges.
- Mining revenue $21.1M (flat YoY); Breakeven cost per BTC $18,217 vs $14,964 prior year.
- Adjusted EBITDA $4.8M vs $7.4M prior year; total bitcoin mined 739.
- As of Feb 29, 2024: cash $1.4M, 60.4 BTC holdings, 330.3 BTC denominated debt.
- Litigation: seeking $30M damages from Sphere 3D for breach of exclusivity; filed motion for attachment of $10M.

## SEC filing metadata
- accession: 0001213900-24-028856
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390024028856/0001213900-24-028856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390024028856/ea0202874-8k_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-028856
- JSON: https://secwatch.observer/filing/0001213900-24-028856.json
- Plain text: https://secwatch.observer/filing/0001213900-24-028856.txt

## Key facts
- Earnings Releases
  American Bitcoin Corp. reported fiscal year ended December 31, 2023 results: revenue $21.1 million, net income ($28.6) million.
  - Period: fiscal year ended December 31, 2023
  - Revenue: $21.1 million
  - Net income: ($28.6) million
  - Result: reported results
  source text: achieve a position as an industry leader, and deliver long-term value to our shareholders.” Financial Highlights of Fiscal Year 2023 ● Total mining revenue for 2023 of $21.1 million, compared to the prior year $21.4 million in 2022. ● Breakeven Cost 1 per Bitcoin in 2023 was $18,217, compared to $14,964 in 2022. The company is focused on Breakeven Costs,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390024028856/0001213900-24-028856-index.htm

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