ABTC · American Bitcoin Corp.
Could not be re-screened as of 2026-07-15 — share count for ABTC predates its balance sheet (2025-08-14 < 2026-03-31). The figures below are from the last successful run and may be stale.
American Bitcoin Corp., a Bitcoin accumulation platform company, focuses on building a Bitcoin infrastructure platform. The company is engaged in the operation of application-specific integrated circuit miners for the purpose of mining Bitcoin and the strategic accumulation of a Bitcoin reserve. The company is based in Miami, Florida. American Bitcoin Corp. operates as a subsidiary of Hut 8 Corp.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $0.86 |
| SO | 82.8M |
| Options | 0.5M |
| Warrants | 0.0M |
| FD SO | 83.4M |
| MC | $71.6M |
| Cash | $10.1M |
| Total debt | — |
| EV | $61.5M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.2x |
| EV / EBITDA | 0.6x |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 23.1% |
| Insiders | 2.4% |
| # Institutions | 153 |
| Analysts | 1 |
| Consensus | — |
| Avg target | $60.00 |
| Short % float | 7.9% |
| Days to cover | 2.01 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2025-08-14. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Total Revenue | 67.02 | 62.12 | 78.32 | 64.22 |
| Revenue YoY % | 4766.7% | 3887.0% | 1937.0% | 1640.9% |
| Cost of Revenue | 34.01 | 29.60 | 36.73 | 28.28 |
| Gross Profit | 33.01 | 32.52 | 41.59 | 35.94 |
| Gross Profit YoY % | 14388.3% | 6656.5% | 14805.7% | 46576.6% |
| Gross Margin % | 49.3% | 52.4% | 53.1% | 56.0% |
| SG&A | 7.67 | 6.91 | 7.33 | 8.05 |
| Operating Expense | 35.91 | 33.53 | 33.98 | 28.74 |
| Operating Income | (2.90) | (1.01) | 7.61 | 7.20 |
| Operating Income YoY % | (30.1%) | 81.6% | 256.0% | 284.9% |
| Operating Margin % | (4.3%) | (1.6%) | 9.7% | 11.2% |
| EBITDA | 25.33 | 25.61 | 34.26 | 22.41 |
| EBITDA Margin % | 37.8% | 41.2% | 43.7% | 34.9% |
| Other Income / (Expense) | (52.84) | (79.83) | (74.45) | (1.97) |
| Pretax Income | (55.74) | (80.83) | (66.84) | 5.23 |
| Tax Provision | 1.41 | 0.96 | (7.36) | 1.75 |
| Net Income | (57.15) | (81.79) | (59.48) | 3.48 |
| Net Margin % | (85.3%) | (131.7%) | (75.9%) | 5.4% |
| Diluted EPS | -$0.80 | -$0.08 | -$0.07 | $0.06 |
| Basic EPS | -$0.80 | -$0.08 | -$0.07 | $0.06 |
| Diluted Avg Shares | 71.5 | 1,017.8 | — | 899.5 |
| Basic Avg Shares | 71.5 | 1,017.8 | — | 899.4 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 271.67 | 185.16 | 20.54 | 21.93 | 10.46 |
| Revenue YoY % | 46.7% | 801.5% | (6.3%) | 109.6% | — |
| Cost of Revenue | 128.62 | 92.00 | 15.82 | 18.49 | 4.91 |
| Gross Profit | 143.05 | 93.16 | 4.72 | 3.44 | 5.55 |
| Gross Profit YoY % | 53.6% | 1873.4% | 37.4% | (38.1%) | — |
| Gross Margin % | 52.7% | 50.3% | 23.0% | 15.7% | 53.0% |
| SG&A | 29.96 | 33.39 | 11.27 | 7.05 | 13.59 |
| R&D | — | — | — | 2.34 | 4.09 |
| Operating Expense | 132.16 | 94.09 | 22.47 | 22.61 | 48.63 |
| Operating Income | 10.89 | (0.92) | (17.75) | (19.18) | (43.08) |
| Operating Income YoY % | 1279.0% | 94.8% | 7.5% | 55.5% | — |
| Operating Margin % | 4.0% | (0.5%) | (86.4%) | (87.5%) | (412.0%) |
| EBITDA | 107.61 | 57.31 | (6.57) | (18.26) | (35.25) |
| EBITDA Margin % | 39.6% | 31.0% | (32.0%) | (83.3%) | (337.0%) |
| Interest Expense | — | — | 0.91 | 0.76 | — |
| Other Income / (Expense) | (209.09) | (170.39) | 56.97 | (8.84) | (36.68) |
| Pretax Income | (198.19) | (171.31) | 38.31 | (28.77) | (79.76) |
| Tax Provision | (3.24) | (18.11) | 59.61 | (0.18) | (0.70) |
| Net Income | (194.95) | (153.20) | (21.30) | (28.60) | (79.06) |
| Net Margin % | (71.8%) | (82.7%) | (103.7%) | (130.4%) | (755.9%) |
| Diluted EPS | -$0.89 | -$0.17 | -$0.51 | -$0.83 | -$546.56 |
| Basic EPS | -$0.89 | -$0.17 | -$0.51 | -$0.83 | -$546.56 |
| Diluted Avg Shares | 71.5 | 905.1 | 41.9 | 34.3 | 0.1 |
| Basic Avg Shares | 71.5 | 905.0 | 41.9 | 34.3 | 0.1 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 18.35 | 10.05 | 3.82 | 7.98 |
| Other Current Assets | 7.39 | 3.90 | 5.10 | 2.94 |
| Total Current Assets | 25.74 | 13.95 | 8.92 | 10.92 |
| Net PPE | 313.06 | 323.93 | 341.72 | 370.82 |
| Operating Lease ROU | 161.29 | 170.00 | 166.68 | 174.65 |
| Goodwill | 154.43 | 154.43 | 154.43 | 151.78 |
| Intangible Assets | — | — | 1.00 | 1.00 |
| Other Assets | 654.91 | 641.69 | 573.76 | 453.65 |
| Total Assets | 1,309.42 | 1,303.99 | 1,246.51 | 1,162.82 |
| Accounts Payable | — | — | 1.96 | — |
| Current Lease Liabilities | 76.20 | 65.20 | 51.59 | 40.61 |
| Other Current Liabilities | 60.47 | 45.76 | 58.04 | 107.51 |
| Total Current Liabilities | 136.67 | 110.96 | 111.59 | 148.12 |
| Long-term Lease Liabilities | 128.94 | 137.25 | 136.80 | 145.00 |
| Other Liabilities | 371.74 | 360.95 | 332.30 | 294.25 |
| Total Liabilities | 637.35 | 609.17 | 580.69 | 587.37 |
| Retained Earnings | (191.49) | (134.34) | (52.55) | 6.91 |
| Total Equity | 672.07 | 694.83 | 665.82 | 575.45 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 18.35 | 3.82 | 0.73 | 0.92 | 0.27 |
| Short-term Investments | — | — | 0.12 | 0.40 | 0.23 |
| Receivables | — | — | — | 0.49 | 0.43 |
| Other Current Assets | 7.39 | 5.10 | 1.43 | 3.59 | 9.83 |
| Total Current Assets | 25.74 | 8.92 | 2.27 | 5.40 | 10.76 |
| Net PPE | 313.06 | 341.72 | 2.99 | 12.92 | 0.05 |
| Operating Lease ROU | 161.29 | 166.68 | — | — | — |
| Goodwill | 154.43 | 154.43 | — | — | — |
| Intangible Assets | — | 1.00 | 0.10 | 0.10 | 3.70 |
| Other Assets | 654.91 | 573.76 | 2.26 | — | 4.96 |
| Total Assets | 1,309.42 | 1,246.51 | 7.63 | 18.83 | 19.47 |
| Accounts Payable | — | 1.96 | 5.51 | 2.23 | 1.42 |
| Current Debt | — | — | — | 14.87 | 13.20 |
| Current Lease Liabilities | 76.20 | 51.59 | — | — | — |
| Other Current Liabilities | 60.47 | 58.04 | 3.74 | 2.33 | 7.89 |
| Total Current Liabilities | 136.67 | 111.59 | 9.26 | 19.43 | 22.51 |
| Long-term Debt | — | — | — | — | 1.41 |
| Long-term Lease Liabilities | 128.94 | 136.80 | — | — | — |
| Other Liabilities | 371.74 | 332.30 | 5.38 | — | — |
| Total Liabilities | 637.35 | 580.69 | 14.64 | 19.43 | 24.29 |
| Retained Earnings | (191.49) | (52.55) | (67.73) | (47.17) | (167.57) |
| Total Equity | 672.07 | 665.82 | (7.01) | (0.60) | (4.83) |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Net Income | (57.15) | (81.79) | (59.48) | 3.48 |
| D&A | 28.24 | 26.62 | 26.65 | 15.21 |
| Stock-Based Comp | 0.81 | 0.30 | 0.00 | 1.33 |
| Δ Working Cap & Other | 6.82 | 12.37 | (3.71) | (58.99) |
| Operating Cash Flow | (21.29) | (42.51) | (36.54) | (38.97) |
| Acquisitions | — | — | 0.00 | — |
| Other Investing | (4.00) | (61.76) | (117.37) | (279.08) |
| Investing Cash Flow | (4.00) | (61.76) | (117.37) | (279.08) |
| Other Financing | 33.59 | 110.50 | 149.76 | 326.08 |
| Financing Cash Flow | 33.59 | 110.50 | 149.76 | 326.08 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (194.95) | (153.20) | (21.30) | (28.60) | (79.06) |
| D&A | 96.72 | 58.24 | 11.18 | 0.92 | 7.83 |
| Stock-Based Comp | 2.44 | 2.15 | 1.59 | (0.15) | 0.87 |
| Δ Working Cap & Other | (43.52) | 13.21 | 5.14 | 30.84 | 59.45 |
| Operating Cash Flow | (139.31) | (79.61) | (3.40) | 3.01 | (10.90) |
| CapEx | — | — | (1.07) | (1.89) | (0.03) |
| Acquisitions | — | 0.89 | — | — | 0.40 |
| Other Investing | (462.21) | (399.15) | (1.67) | — | (4.34) |
| Investing Cash Flow | (462.21) | (398.26) | (2.75) | (2.25) | (3.97) |
| Debt Repayment | — | — | — | — | (5.25) |
| Stock Issuance | — | — | 1.40 | — | — |
| Other Financing | 619.92 | 481.69 | 4.57 | — | 13.89 |
| Financing Cash Flow | 619.92 | 481.69 | 5.96 | (0.11) | 8.64 |
| Effect of FX on Cash | — | — | — | 0.00 | (0.02) |
| Free Cash Flow | — | — | (4.47) | 1.12 | (10.93) |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Current Ratio | 0.19 | 0.13 | 0.08 | 0.07 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | — | — | — | — |
| EBITDA Margin % | 37.8% | 41.2% | 43.7% | 34.9% |
| Working Capital | (110.93) | (97.01) | (102.67) | (137.20) |
| Net Debt | — | — | — | — |
| ROE % | (8.5%) | (11.8%) | (8.9%) | 0.6% |
| ROA % | (4.4%) | (6.3%) | (4.8%) | 0.3% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 0.19 | 0.08 | 0.25 | 0.28 | 0.48 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | — | — | — | — | -3.03 |
| EBITDA Margin % | 39.6% | 31.0% | (32.0%) | (83.3%) | (337.0%) |
| Working Capital | (110.93) | (102.67) | (6.98) | (14.04) | (11.75) |
| Net Debt | — | — | — | — | 14.34 |
| ROE % | (29.0%) | (23.0%) | 303.9% | 4774.5% | 1638.3% |
| ROA % | (14.9%) | (12.3%) | (279.1%) | (151.8%) | (406.1%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-16 | Busch Richard | Director | 2026-06-15 | P | 450,000 | $0.87 | $391,500 |
| 2026-03-09 | Busch Richard | Director | 2026-03-05 | P | 68,000 | $1.15 | $78,200 |
| 2026-03-05 | Busch Richard | Director | 2026-03-04 | P | 90,000 | $1.15 | $103,500 |
| 2026-03-05 | Mateen Justin | Director | 2026-03-03 | P | 1,800,000 | $1.03 | $1,854,000 |
| 2026-03-05 | Busch Richard | Director | 2026-03-03 | P | 240,000 | $0.96 | $230,400 |
| 2026-02-26 | Mateen Justin | Director | 2026-02-24 | A | 254,778 | — | $0 |
| 2026-02-26 | Prusak Matthew | Officer (PRESIDENT, INTERIM CFO) | 2026-02-24 | A | 477,708 | — | $0 |
| 2026-02-26 | Busch Richard | Director | 2026-02-24 | A | 254,778 | — | $0 |
| 2026-02-26 | Broukhim Michael | Director | 2026-02-24 | A | 270,701 | — | $0 |
| 2026-01-02 | Genoot Asher | Director, Officer (EXECUTIVE CHAIRMAN) | 2025-12-30 | P | 23,199,205 | $1.40 | $32,478,887 |
| 2026-01-02 | Ho Michael | Director, Officer (CHIEF EXECUTIVE OFFICER) | 2025-12-30 | P | 23,199,205 | $1.40 | $32,478,887 |
| 2025-12-23 | Busch Richard | Director | 2025-12-22 | P | 101,000 | $1.98 | $199,980 |
| 2025-12-18 | Busch Richard | Director | 2025-12-16 | P | 175,000 | $1.66 | $290,500 |
| 2025-12-09 | Broukhim Michael | Director | 2025-12-05 | J | 13,386 | — | $0 |
| 2025-09-05 | Anchorage Lending CA, LLC | Director, 10% Owner | 2025-09-03 | S | (1,250,170) | $7.36 | -$9,201,251 |
| 2025-09-05 | Anchorage Lending CA, LLC | Director, 10% Owner | 2025-09-03 | S | (1,103,035) | $8.45 | -$9,320,646 |
| 2025-09-05 | Anchorage Lending CA, LLC | Director, 10% Owner | 2025-09-03 | S | (181,285) | $9.20 | -$1,667,822 |
| 2025-08-14 | Tolhurst Daniel George | Other (Former Director) | 2025-06-12 | D | (82,040) | — | $-0 |
| 2025-08-01 | GUTTERMAN STEVEN D. | Director, Officer (Chief Executive Officer) | 2025-07-31 | F | (149,086) | $1.03 | -$153,111 |
| 2025-08-01 | Salzman Simeon | Officer (Chief Financial Officer) | 2025-07-31 | F | (25,486) | $1.01 | -$25,807 |
| 2025-07-03 | Anchorage Lending CA, LLC | Director, 10% Owner | 2025-06-24 | M | 2,000,000 | $0.55 | $1,100,000 |
| 2025-07-03 | Anchorage Lending CA, LLC | Director, 10% Owner | 2025-06-24 | F | (1,110,102) | $0.99 | -$1,100,000 |
| 2025-07-03 | Anchorage Lending CA, LLC | Director, 10% Owner | 2025-06-24 | M | 3,530,198 | $0.01 | $35,302 |
| 2025-07-03 | Anchorage Lending CA, LLC | Director, 10% Owner | 2025-06-24 | F | (35,626) | $0.99 | -$35,302 |
| 2025-07-03 | Anchorage Lending CA, LLC | Director, 10% Owner | 2025-06-24 | M | (2,000,000) | — | $-0 |
| 2025-07-03 | Anchorage Lending CA, LLC | Director, 10% Owner | 2025-06-24 | M | (3,530,198) | — | $-0 |
| 2025-05-23 | Tolhurst Daniel George | Director | 2025-05-21 | S | (8,139) | $1.30 | -$10,548 |
| 2025-05-22 | Tolhurst Daniel George | Director | 2025-05-20 | S | (474,339) | $1.30 | -$615,692 |
| 2025-05-21 | Tolhurst Daniel George | Director | 2025-05-19 | S | (1,981,233) | $1.45 | -$2,866,844 |
| 2025-05-20 | Tolhurst Daniel George | Director | 2025-05-16 | S | (329,257) | $1.34 | -$441,534 |
| 2025-02-14 | Billingsley Jessica | Director | 2025-01-13 | P | 48,412 | $0.39 | $18,881 |
| 2025-02-14 | Billingsley Jessica | Director | 2025-01-13 | P | 48,412 | $0.12 | $6,052 |
| 2025-01-15 | Vaiopoulos Demetrios | Director | 2025-01-13 | P | 48,412 | $0.39 | $18,881 |
| 2025-01-15 | Vaiopoulos Demetrios | Director | 2025-01-13 | P | 48,412 | $0.12 | $6,052 |
| 2025-01-15 | Kaiser Brittany | Director | 2025-01-13 | P | 96,824 | $0.39 | $37,761 |
| 2025-01-15 | Kaiser Brittany | Director | 2025-01-13 | P | 96,824 | $0.12 | $12,103 |
| 2025-01-15 | Billingsley Jessica | Director | 2025-01-13 | P | 48,412 | $0.39 | $18,881 |
| 2025-01-15 | Billingsley Jessica | Director | 2025-01-13 | P | 48,412 | $0.12 | $6,052 |
| 2025-01-15 | Cox Heather | Director | 2025-01-13 | P | 96,824 | $0.39 | $37,761 |
| 2025-01-15 | Cox Heather | Director | 2025-01-13 | P | 96,824 | $0.12 | $12,103 |
| 2025-01-15 | Gallie Peter Eric | Officer (Senior Vice President) | 2025-01-13 | P | 145,236 | $0.39 | $56,642 |
| 2025-01-15 | Gallie Peter Eric | Officer (Senior Vice President) | 2025-01-13 | P | 145,236 | — | $0 |
| 2025-01-15 | Tolhurst Daniel George | Director | 2025-01-13 | P | 96,824 | $0.39 | $37,761 |
| 2025-01-15 | Tolhurst Daniel George | Director | 2025-01-13 | P | 96,824 | $0.12 | $12,103 |
| 2025-01-15 | GUTTERMAN STEVEN D. | Director, Officer (Chief Executive Officer) | 2025-01-13 | P | 77,459 | $0.39 | $30,209 |
| 2025-01-15 | GUTTERMAN STEVEN D. | Director, Officer (Chief Executive Officer) | 2025-01-13 | P | 77,459 | $0.12 | $9,682 |
| 2025-01-15 | Salzman Simeon | Officer (Chief Financial Officer) | 2025-01-13 | P | 19,365 | $0.39 | $7,552 |
| 2025-01-15 | Salzman Simeon | Officer (Chief Financial Officer) | 2025-01-13 | P | 19,365 | $0.12 | $2,421 |
| 2025-01-10 | Kaiser Brittany | Director | 2025-01-08 | S | (604,581) | $0.35 | -$211,603 |
| 2024-12-19 | Gallie Peter Eric | Officer (Senior Vice President) | 2024-12-17 | A | 500,000 | — | $0 |
| 2024-11-04 | Chang Robby Sai Kit | Director | 2024-10-31 | A | 264,080 | — | $0 |
| 2024-11-04 | Kaiser Brittany | Director | 2024-10-31 | A | 264,080 | — | $0 |
| 2024-11-04 | Vaiopoulos Demetrios | Director | 2024-10-31 | A | 330,100 | — | $0 |
| 2024-11-04 | Billingsley Jessica | Director | 2024-10-31 | A | 264,080 | — | $0 |
| 2024-11-04 | Tolhurst Daniel George | Director | 2024-10-31 | A | 264,080 | — | $0 |
| 2024-11-04 | Grigorin Dan | Director | 2024-10-31 | A | 264,080 | — | $0 |
| 2024-11-04 | Cox Heather | Director | 2024-10-31 | A | 264,080 | — | $0 |
| 2024-10-04 | GUTTERMAN STEVEN D. | Director, Officer (Chief Executive Officer) | 2024-10-02 | A | 1,671,681 | — | $0 |
| 2024-08-28 | GUTTERMAN STEVEN D. | Director | 2024-08-26 | A | 14,035 | — | $0 |
| 2024-08-28 | Cox Heather | Director | 2024-08-26 | A | 14,035 | — | $0 |
| 2024-06-26 | Salzman Simeon | Officer (Chief Financial Officer) | 2024-06-21 | S | (55,595) | $1.19 | -$66,158 |