---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-069074"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:22:44.496346+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gryphon Digital Mining Q2 net loss $4.0M; revenue $5.5M, bitcoin mined 84

## Summary
- Mining revenue $5.5M vs $4.9M in Q2 2023; net loss $4.0M incl. $2.5M non-cash items.
- Breakeven cost per bitcoin rose to $45,452 from $34,063 YoY; adjusted EBITDA loss $3.0M.
- Quarterly hashrate record 899 PH/s (+20% YoY); fleet efficiency improved to 28.5 J/T.
- Authorized $5M stock repurchase program; miner upgrades adding ~23 PH/s completed ahead of schedule.
- Bitcoin holdings $1.0M; cash $1.2M; total liabilities $25.4M exceed current assets $3.2M.

## SEC filing metadata
- accession: 0001213900-24-069074
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390024069074/0001213900-24-069074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390024069074/ea0211251-8k_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-069074
- JSON: https://secwatch.observer/filing/0001213900-24-069074.json
- Plain text: https://secwatch.observer/filing/0001213900-24-069074.txt

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