secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001213900-24-097485
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024097485/0001213900-24-097485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024097485/ea0221030-8k_gryphon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-097485

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