---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-070914"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2024-08-20T23:59:59+00:00"
generated_at: "2026-05-31T08:29:37.188908+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gryphon Digital Mining acquires 2.9 MW bitcoin mining ops for $1.5M with ~$0.01/kWh power

## Summary
- Purchase price $1.5M in cash; assets include 566 ASIC miners (57,120 TH/s), generators, and modular data centers.
- Power cost ~$0.01/kWh via flare-gas PPA; expected to generate ~$1M annual revenue; immediately accretive.
- Acquisition funded from existing working capital; first step in +500 MW low-cost power pipeline.
- Operations in Louisiana; use of flare gas reduces carbon emissions, expanding environmental stewardship.

## SEC filing metadata
- accession: 0001213900-24-070914
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2024-08-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390024070914/0001213900-24-070914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390024070914/ea0211763-8k_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-070914
- JSON: https://secwatch.observer/filing/0001213900-24-070914.json
- Plain text: https://secwatch.observer/filing/0001213900-24-070914.txt

## Key facts
- M&A Transactions
  American Bitcoin Corp. completed an acquisition involving Giga Caddo, LLC for $1,500,000 in USD cash (closed 2024-08-16).
  - Action: acquisition
  - Counterparty: Giga Caddo, LLC
  - Consideration: $1,500,000 in USD cash
  - Closing: 2024-08-16
  source text: On August 16, 2024, Giga Caddo, LLC, a Delaware limited liability company (“Seller”), and Gryphon Digital Mining, Inc., a Delaware corporation (“Buyer” or the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) pursuant to which Seller agreed to sell: (i) four (4) natural gas generators with a combined gas standby rating of 1,900 kW, (ii) five hundred and sixty-six (566) bitcoin ASIC mining computers with a combined hashrate capacity of approximately 57,120 TH/s, (iii) six (6) Giga Box Air modular data center units with a combined power capacity of 2,900 kW and (iv) certain other crypto mining equipment and related assets to be agreed by the parties (the “Assets”) to Buyer on and subject to the terms and conditions set forth therein (such transaction, the “Transaction”) for $1,500,000 in USD cash (the “Purchase Price”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390024070914/0001213900-24-070914-index.htm

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