---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-016826"
form_type: "8-K/A"
ticker: "RHNO"
cik: "0001785493"
company_name: "RHINO BITCOIN INC."
filed_at: "2026-04-15T23:59:59+00:00"
generated_at: "2026-05-15T06:08:54.014786+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rhino Digital audited FY2024 net loss $16.3M; going concern doubt raised

## Summary
- Net loss of $16.3M in 2024 vs $6.2M in 2023; accumulated deficit $32.1M as of Dec 31, 2024.
- Working capital deficit of $9.5M and negative cash flows from operations of $2.3M in 2024.
- Derivative liability of $8.2M; convertible loan payable net of discount $3.1M.
- Auditor includes going concern emphasis, citing inability to continue without additional financing.
- Bitcoin holdings of $2.0M (Level 1 fair value); $1.2M purchased in 2024.

## SEC filing metadata
- accession: 0001493152-26-016826
- form_type: 8-K/A
- ticker: RHNO
- cik: 0001785493
- company_name: RHINO BITCOIN INC.
- filed_at: 2026-04-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785493/000149315226016826/0001493152-26-016826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785493/000149315226016826/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-016826
- JSON: https://secwatch.observer/filing/0001493152-26-016826.json
- Plain text: https://secwatch.observer/filing/0001493152-26-016826.txt

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