secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001213900-24-069074
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024069074/0001213900-24-069074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024069074/ea0211251-8k_gryphon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-069074

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