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American Bitcoin Corp (ABTC)
NASDAQ:ABTC
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American Bitcoin Corp
(NASDAQ:ABTC)
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Rating:40Underperform
Price Target:
$5.50
▲(11.79% Upside)
The overall stock score for Gryphon Digital Mining is primarily influenced by its weak financial performance and negative valuation metrics. The technical analysis suggests a bearish trend, further impacting the score. The absence of earnings call data and corporate events means these factors do not contribute to the score.
Positive Factors
Sustainable Mining Practices
By focusing on sustainable mining practices, Gryphon positions itself as a leader in environmentally friendly cryptocurrency mining, potentially attracting eco-conscious investors and partners.
Bitcoin Holdings
Significant Bitcoin holdings provide Gryphon with a strategic asset base that can enhance financial stability and offer growth opportunities as Bitcoin's value appreciates.
Reduced Leverage
Reduced leverage improves financial flexibility, reducing risk and potentially enhancing Gryphon's ability to invest in growth opportunities and weather market volatility.
Negative Factors
Negative Equity
Negative equity raises concerns about Gryphon's financial health and solvency, potentially limiting its ability to secure financing and invest in future growth.
Negative Profit Margins
Negative profit margins highlight operational inefficiencies and financial challenges, which could hinder Gryphon's ability to achieve sustainable profitability and growth.
Negative Cash Flow
Negative cash flow indicates challenges in generating sufficient cash to cover operations and investments, potentially impacting Gryphon's long-term financial stability.
American Bitcoin Corp (ABTC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.47B
Dividend YieldN/A
Average Volume (3M)4.93M
Price to Earnings (P/E)―
Beta (1Y)4.91
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees3
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.35
Shares Outstanding176,363,240
10 Day Avg. Volume2,708,817
30 Day Avg. Volume4,928,932
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.02
Price to Sales (P/S)0.24
P/FCF Ratio-0.19
Enterprise Value/Market Cap0.02
Enterprise Value/Revenue3.33
Enterprise Value/Gross Profit-16.30
Enterprise Value/Ebitda-0.63
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering0
American Bitcoin Corp Business Overview & Revenue Model
Company DescriptionA Bitcoin accumulation and mining company formed via the merger of American Data Centers and Hut 8’s mining division. It aims to maximize Bitcoin held per share through a dual strategy combining scaled mining operations with opportunistic Bitcoin purchases. The company began trading on Nasdaq in September 2025 following its merger with Gryphon Digital Mining.
How the Company Makes MoneyGryphon Digital Mining generates revenue primarily through the mining of Bitcoin and other cryptocurrencies. The company operates mining farms that use high-performance hardware to solve complex mathematical problems, earning Bitcoin rewards for successful validations on the blockchain. Additionally, Gryphon capitalizes on the volatility and price appreciation of cryptocurrencies, which can significantly enhance its earnings. Key revenue streams include the direct sale of mined Bitcoin, potential partnerships with renewable energy providers to lower operational costs, and possible collaborations with other blockchain projects that can provide ancillary revenue opportunities. The company’s commitment to sustainability not only attracts environmentally-conscious investors but may also lead to incentives or partnerships that further bolster its financial performance.
American Bitcoin Corp Earnings Call Summary
Earnings Call Date:Aug 13, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Apr 06, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a strategic pivot from Bitcoin mining to power generation for HPC and AI data centers, highlighted by the significant Captus acquisition. While the company has improved its financial position through debt restructuring and strategic shifts, increased breakeven costs and a notable net loss pose challenges.Q4-2024 Updates
Positive Updates
Debt Restructuring with Anchorage Digital
The company converted $13 million of debt to equity at a premium to stock price, significantly improving cash flow by reducing monthly interest payments and making Anchorage the largest shareholder.
Strategic Shift Towards Power Generation
The company announced a shift in focus from Bitcoin mining to developing world-class power assets for HPC and AI data centers, with a definitive agreement to acquire Captus, potentially providing up to 4 gigawatts of power.
Improved Financial Position
The company increased cash and cash equivalents from $368,000 to $735,000, reduced liabilities by approximately $13 million, and improved shareholder equity from a deficit of $18.9 million to $7 million.
Captus Acquisition
The acquisition of Captus is expected to position the company as one of the largest HPC and AI computing infrastructure providers with access to abundant natural gas and on-site carbon sequestration.
Negative Updates
Increased Breakeven Costs and Negative EBITDA
Breakeven costs per Bitcoin increased from $18,192 to $47,359, reflecting the halving event and a 66% increase in global hash rate. Adjusted EBITDA was approximately negative $5.5 million for 2024.
Decreased Bitcoin Mining Revenue
Bitcoin mining revenue decreased from $21.1 million in 2023 to $20.5 million in 2024, despite mining more Bitcoin, due to increased breakeven costs and reduced rewards from halving.
Net Loss for 2024
The company reported a net loss of approximately $21.3 million for the year ended December 31, 2024, despite improvements in certain financial metrics.
Company Guidance
During the Gryphon Digital Mining earnings call for the fourth quarter and full year 2024, the company outlined several key metrics and strategic shifts. Gryphon mined 334 Bitcoins in 2024, generating approximately $20.5 million in revenue, compared to 740 Bitcoins and $21.1 million in revenue in 2023. The breakeven cost per Bitcoin rose to $47,359 due to a halving event and a 66% increase in global hash rate. The adjusted EBITDA for 2024 was negative $5.5 million, impacted by $6 million in legal and marketing fees, a significant increase from $94,000 in 2023. A transformative debt restructuring with Anchorage Digital reduced liabilities by $13 million, and the company's cash and cash equivalents increased to $735,000 by year-end. Gryphon announced an acquisition agreement with Captus, aiming to develop up to 4 gigawatts of power for high-performance computing and AI infrastructure. The company plans to bring the first 130 megawatts online in 2026, emphasizing its strategic shift towards power generation and sustainable computing infrastructure.American Bitcoin Corp Financial Statement Overview
Summary
Gryphon Digital Mining is facing substantial financial challenges. Despite growth in revenue, profitability metrics are weak, with ongoing operational losses. The balance sheet is concerning due to negative equity, although reduced leverage is a positive. Cash flow has shown some improvement, but the company remains in a fragile state financially, requiring careful management to restore stability.Income Statement
Gryphon Digital Mining has experienced volatility in revenue and profitability. The revenue growth from 2023 to 2024 was significant, but the company has struggled to maintain consistent gross profit margins. Both EBIT and EBITDA margins are negative, indicating operational challenges. The net profit margin remains negative, highlighting ongoing financial difficulties.30
Negative
Balance Sheet
The company's balance sheet shows signs of instability, with negative stockholders' equity indicating a potential risk of insolvency. The absence of debt in 2024 suggests a reduction in leverage, but the negative equity position raises concerns about financial health. The equity ratio is negative, underscoring the precarious financial position.20
Very Negative
Cash Flow
Gryphon Digital Mining's cash flow statement reflects some positive changes, such as a significant increase in operating cash flow in 2024. However, free cash flow remains negative, and the company has faced challenges in generating consistent cash flows. The operating cash flow to net income ratio indicates substantial cash flow relative to net losses, suggesting potential for improvement.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.25M | 71.54M | 64.98M | 65.70M | 17.63M | 15.65M |
| Gross Profit | -4.34M | 32.03M | 21.37M | 23.31M | 5.02M | 5.35M |
| EBITDA | -113.02M | 519.59M | 44.03M | -67.58M | -26.63M | -29.50M |
| Net Income | -111.43M | 428.94M | 39.61M | -104.21M | -31.33M | -33.91M |
Balance Sheet | ||||||
| Total Assets | 6.20M | 1.11B | 538.52M | 19.47M | 94.48M | 77.17M |
| Cash, Cash Equivalents and Short-Term Investments | 1.67M | 92.39M | 4.58M | 7.88M | 13.09M | 18.34M |
| Total Debt | 5.49M | 5.60M | 44.36M | 14.61M | 17.30M | 15.60M |
| Total Liabilities | 17.19M | 91.33M | 64.73M | 24.29M | 34.53M | 19.64M |
| Stockholders Equity | -10.99M | 1.02B | 473.78M | -4.83M | 59.95M | 57.53M |
Cash Flow | ||||||
| Free Cash Flow | -48.15M | -89.71M | -56.93M | -119.50M | -8.21M | -8.72M |
| Operating Cash Flow | -48.15M | -54.03M | -55.97M | -72.58M | -8.17M | -8.71M |
| Investing Cash Flow | 4.16M | -66.59M | 62.72M | 24.30M | -10.49M | -7.14M |
| Financing Cash Flow | 43.86M | 120.62M | -6.76M | 48.27M | 14.74M | 9.53M |
American Bitcoin Corp Technical Analysis
Negative
4.92
Price Trends
6.62
Negative
6.20
Negative
4.25
Positive
Market Momentum
-0.41
Negative
39.43
Neutral
34.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABTC, the sentiment is Negative. The current price of 4.92 is below the 20-day moving average (MA) of 5.53, below the 50-day MA of 6.62, and above the 200-day MA of 4.25, indicating a neutral trend. The MACD of -0.41 indicates Negative momentum. The RSI at 39.43 is Neutral, neither overbought nor oversold. The STOCH value of 34.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ABTC.
American Bitcoin Corp Risk Analysis
American Bitcoin Corp disclosed 67 risk factors in its most recent earnings report. American Bitcoin Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
American Bitcoin Corp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $5.95B | 26.78 | 16.41% | 1.90% | 8.30% | -14.39% | |
| ― | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
| ― | $1.18B | ― | -11.34% | ― | 14.65% | -240.80% | |
| ― | $6.60B | 15.95 | 18.26% | ― | 41.32% | -12.83% | |
| ― | $8.95B | ― | -21.39% | ― | 0.11% | -914.42% | |
| ― | $7.70B | 61.52 | 5.24% | ― | 103.62% | 49.48% | |
| ― | $4.47B | -3.31 | ― | ― | ― | ― |
* Financial Sector Average
ABTC
American Bitcoin Corp
4.92
2.32
89.23%
RIOT
Riot Platforms
20.72
11.74
130.73%
MKTX
Marketaxess Holdings
159.16
-124.39
-43.87%
MARA
MARA Holdings
17.81
2.31
14.90%
BTBT
Bit Digital
3.42
0.05
1.48%
CIFR
Cipher Mining
22.76
17.72
351.59%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.