secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001213900-25-026615
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000121390025026615/0001213900-25-026615-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000121390025026615/ea0236278-8k_gryphon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-026615

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