secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0001213900-24-059931
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gryphon Digital Mining reports record Q2 hashrate of 899 PH/s (20% YoY); produced ~84 bitcoin valued at ~$5.5M
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- Record quarterly hashrate of 899 PH/s, up 20% YoY; record monthly energy efficiency of 28.5 J/T in June.
- Produced ~84 bitcoin in Q2; projected value ~$5.5M based on average bitcoin price of $65,916.
- June bitcoin efficiency of 25 BTC/EH; 99.4% fleet uptime; operations 100% powered by zero-carbon hydro.
- Included in Russell Microcap Index effective July 1, 2024; held ~16 bitcoin in treasury at June end.
- Evaluating over 20 growth opportunities; considering High Performance Computing (HPC) in expansion plans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024059931/0001213900-24-059931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024059931/ea0209095-8k_gryphon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-059931

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