---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-097485"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T01:00:06.188638+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gryphon Digital Q3 revenue $3.7M, net loss $5.9M; breakeven cost per Bitcoin $59,213

## Summary
- Mining revenue $3.7M (Q3 2024) vs $5.2M (Q3 2023); 61 Bitcoin mined vs 176.
- Net loss $5.9M includes $3.2M non-cash; adjusted EBITDA loss $2.5M.
- Breakeven cost per Bitcoin surged to $59,213 from $22,625 YoY.
- Cash $0.4M, Bitcoin $0.6M; total liabilities $26.4M at Sept 30.
- Post-quarter debt restructuring: ~$19M bitcoin note converted to equity; $5M new note at 4.25%.

## SEC filing metadata
- accession: 0001213900-24-097485
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2024-11-13T23:59:59+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/1755953/000121390024097485/0001213900-24-097485-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390024097485/ea0221030-8k_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-097485
- JSON: https://secwatch.observer/filing/0001213900-24-097485.json
- Plain text: https://secwatch.observer/filing/0001213900-24-097485.txt

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