secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001213900-24-028856
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024028856/0001213900-24-028856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024028856/ea0202874-8k_gryphon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-028856

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