Gryphon files ABTC H1 2025 financials; ABTC net loss $97.2M, cash $205.9M

American Bitcoin Corp.

ABTC Q2 2025 revenue $30.3M, net income $3.4M; H1 2025 revenue $42.6M, net loss $97.2M from continuing ops.
ABTC had $205.9M cash at June 30, 2025; total assets $412.1M, total liabilities $72.4M.
Pro forma combined balance sheet and operations filed; merger expected to close with ABTC holders owning ~98% of combined company.
ABTC became a standalone entity on March 31, 2025 via contribution from Hut 8; 80% owned by Hut 8 post-transaction.
Merger with Gryphon remains subject to closing conditions; combined company to be renamed American Bitcoin Corp.

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