---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-082930"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T08:55:30.851554+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-082930
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390025082930/0001213900-25-082930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390025082930/ea0255467-8k425_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-082930
- JSON: https://secwatch.observer/filing/0001213900-25-082930.json
- Plain text: https://secwatch.observer/filing/0001213900-25-082930.txt

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