“This was partially offset by a $3.5 million decrease in interest expense due to the Company no longer incurring interest expense after the completion of the Transactions on March 31, 2025.”10-Q · Nov 14, 2025 ↗
American Bitcoin Corp
ABTC
Market read
American Bitcoin Corp's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
- ABTC's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if ABTC's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- ABTC's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
For brokers and capital-markets platforms, the key question is how client activity, interest rates, customer balances, margin lending and market conditions translate into earnings and capital needs.
- Can client and activity growth offset pressure from lower rates or weaker trading volumes?
- Are customer balances, margin lending and credit conditions changing the risk profile?
- Does the valuation reflect a durable earnings model or unusually favorable market conditions?
- Latest annual revenue changed +158.8% year over year.
- Operating margin changed -799.8 percentage points in the latest annual period.
- Net margin changed -682.3 percentage points in the latest annual period.
- EV/sales is 345% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
8.03Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“During the six months ended June 30, 2025, the cost of electricity has fluctuated due to increased demand year over year from $0.0736 per kilowatt hour during the six months ended June 30, 2024 to $0.0926 per kilowatt hour during the six months ended June 30,…”10-Q · Aug 14, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 39.2× · EV/sales 39.2×. Comparisons use only industry-matched filing peers.
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for ABTC. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for ABTC. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind ABTC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
HUTHut 8 Corp.partnerMay 6, 2026 ▾
“Through our strategic partnership with Hut 8, we maintain access to a robust pipeline of high-efficiency capacity expansions, allowing us to prioritize ownership of Bitcoin miners and Bitcoin reserve growth over land, buildings, or electrical infrastructure.”
BLDCFiling-linked namepartnerAug 14, 2025 ▾
“Blockfusion Agreement On December 1, 2024, the Company entered into an agreement with Blockfusion USA, Inc.”
Depended on by
HUTHut 8 Corp.partnerMay 6, 2026 ▾
“In March 2026, our site in Drumheller, Alberta was reenergized in anticipation of the delivery and deployment of ~11,298 Bitcoin miners from American Bitcoin, representing ~3.05 exahash per second (“EH/s”) at ~13.5 joules per terahash (“J/TH”).”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
ABTC is currently a Follower in the organic co-movement group AI and Energy Solutions. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for ABTC; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.