American Bitcoin Corp.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
ABTC$5.13-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
Gryphon Digital Mining Inc. and Subsidiaries
Unaudited Condensed Consolidated Statement of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | ||
| Mining activities | $1,558,000 | $7,490,000 |
| Cost and expenses | ||
| Cost of revenues | 2,054,000 | 4,837,000 |
| General and administrative expenses | 3,000,000 | 2,461,000 |
| Stock based compensation expense | 772,000 | 208,000 |
| Depreciation expense | 1,071,000 | 3,247,000 |
| Unrealized loss (gain) on digital assets | 127,000 | (1,703,000) |
| Total operating expenses | 7,024,000 | 9,050,000 |
| Loss from operations | (5,466,000) | (1,560,000) |
| Other income (expense) | ||
| Unrealized loss on marketable securities | (66,000) | (216,000) |
| Gain on settlement of accounts payable | 449,000 | - |
| Merger and acquisition costs | (1,194,000) | - |
| Change in fair value of notes payable | - | (9,638,000) |
| Interest expense | (3,000) | (330,000) |
| Total other expense | (814,000) | (10,184,000) |
| Loss before provision for income taxes | (6,280,000) | (11,744,000) |
| Provision for income taxes | - | - |
| Net loss | $(6,280,000) | $(11,744,000) |
| Net loss per share, basic and diluted | $(0.09) | $(0.36) |
| Weighted average shares outstanding – basic and diluted | 70,553,398 | 32,436,759 |
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