{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-042521","form_type":"8-K","ticker":"ABTC","cik":"0001755953","company_name":"American Bitcoin Corp.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.909471+00:00","generated_at":"2026-06-02T01:01:03.692417+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Gryphon Q1 revenue $7.5M, net loss $11.7M, adjusted EBITDA $1.9M","bullets":["Revenue $7.5M (up 56% YoY from $4.8M); net loss $11.7M vs $6.9M loss in Q1 2023, including $11.6M non-cash items.","Adjusted EBITDA $1.9M vs $4.2M YoY; breakeven cost per BTC $34,063 vs $12,910, driven by lower BTC mined (142 vs 212).","Self-mining hash rate reached ~0.94 EH/s after miner upgrades adding 23 PH/s; fleet efficiency improved to 28.5 J/T.","Balance sheet: cash $1.7M, Bitcoin $4.2M, total current assets $7.1M vs current liabilities $30.2M; total liabilities $30.2M.","$5M stock buyback authorized; 2024 outlook projects $16.6M gross profit, assuming $70k BTC price and 550 EH network hashrate."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-042521","json":"https://secwatch.observer/filing/0001213900-24-042521.json","markdown":"https://secwatch.observer/filing/0001213900-24-042521.md","text":"https://secwatch.observer/filing/0001213900-24-042521.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1755953/000121390024042521/0001213900-24-042521-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1755953/000121390024042521/ea0205930-8k_gryphon.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:01:03.692417+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"db1fd058de3f6423554006fcd3a5871fa739d29b","claim":"American Bitcoin Corp. reported quarter ended March 31, 2024 results: revenue $7.5 million, net income ($11.7) million.","evidence_excerpt":"shareholder value and demonstrates the Board and management team’s confidence in Gryphon’s strategy.” Q1 2024 and Recent Highlights ● Total mining revenue in Q1/2024 of $7.5 million, compared to $4.8 million in Q1/2023. ● Breakeven Cost 1 per Bitcoin in Q1/2024 was $34,063, compared to $12,910 in Q1/2023. The company continues to be focused on Breakeven","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1755953/000121390024042521/0001213900-24-042521-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2024"},{"label":"Revenue","value":"$7.5 million"},{"label":"Net income","value":"($11.7) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}