---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-026615"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T00:57:03.915484+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gryphon Digital Mining reports Q4 net income of $0.4M; debt reduced 70%+

## Summary
- Q4 2024 net income of $0.4M vs $11.0M net loss in FY2023; includes $2.4M non-cash expenses.
- Reduced total debt by over 70%, converting $13M of Anchorage Digital debt into equity and warrants.
- Mining revenues of $3.845M in Q4 2024; mined 61 Bitcoin vs 176 in Q4 2023.
- Breakeven cost per Bitcoin rose to $75,872 in Q4 2024 from $23,902 in Q4 2023.
- Definitive agreement for HPC/AI asset in Alberta scalable to 4GW announced Jan 10, 2025.

## SEC filing metadata
- accession: 0001213900-25-026615
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390025026615/0001213900-25-026615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390025026615/ea0236278-8k_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-026615
- JSON: https://secwatch.observer/filing/0001213900-25-026615.json
- Plain text: https://secwatch.observer/filing/0001213900-25-026615.txt

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