Abits Group Announces AI Infrastructure and High-Performance Computing Expansion Strategy

Potential hosting deployments depend on technical feasibility, customer demand, financing availability and investment economics.

Rhea-AI Summary

Abits Group (Nasdaq:ABTS) announced a strategy to pursue artificial intelligence infrastructure and high-performance computing hosting opportunities at its existing U.S. facilities. The company aims to use its power infrastructure, facilities and operating experience to develop new hosting revenue streams alongside its Bitcoin mining operations.

Abits plans a phased evaluation, initially expected to assess available power capacity, cooling and connectivity requirements, infrastructure upgrades and potential commercial arrangements. The company believes its existing assets may offer an advantage over developments that first need sites, power connections and regulatory approvals. No definitive AI or high-performance computing hosting agreements have been signed. Potential deployments would depend on technical feasibility, customer demand, financing availability and investment economics.

2 points · 0 major

NegativeiHow this balance works

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0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Minor point. Forward-looking: it has not happened yet and may not happen.Abits plans a phased evaluation of AI and high-performance computing hosting opportunities at existing U.S. facilities.
• Minor point. Forward-looking: it has not happened yet and may not happen.Existing power infrastructure and facilities may offer a development advantage, in the company's view.

Negative

• Moderate pointAI and high-performance computing hosting expansion has no definitive agreements at this stage.
• Minor point. Forward-looking: it has not happened yet and may not happen.Potential deployments depend on technical feasibility, customer demand, financing availability and investment economics.

Argus 15 min delay 47 alerts

-58.10% vs previous close $0.4399 last price 27.7x rel. volume Open Argus

Details

Market move: ABTS -58.10% vs previous close. AI infrastructure expansion strategy

+3.6% Peak Tracked

-63.5% Trough Tracked

$0.35 – $1.17 Day Range

$1.41M Mkt Cap at Last Price

On Nov 3, the day this news came out, the latest delayed price for ABTS is 58.10% below the previous close. Argus tracked a peak move of +3.6% during the session. Argus tracked a trough of -63.5% from its starting point during tracking. Our momentum scanner has recorded 47 alerts for this stock so far that day. The latest delayed price is $0.44. Relative volume is exceptionally heavy at 27.7x the stock’s average daily volume.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Projected data-center electricity share: Approximately 11.8% (range: 9.5% to 15.3%)

Projected data-center electricity share

Approximately 11.8% (range: 9.5% to 15.3%)

Potential share of total U.S. electricity consumption by 2030, according to the cited June 2026 report

Key Terms

high-performance computing (hpc), grid interconnection

2 terms

high-performance computing (hpc) technical

"artificial intelligence (AI) infrastructure and high-performance computing (HPC) hosting"

High-performance computing (HPC) involves using powerful computers to process complex data and run large-scale calculations much faster than regular computers. It helps organizations solve challenging problems, such as predicting market trends or analyzing scientific data, enabling quicker decision-making. For investors, HPC can highlight advancements in technology and innovation that may impact various industries and market opportunities.

grid interconnection technical

"power constraints, grid interconnection delays and permitting requirements"

Grid interconnection is the physical and technical linking of a power generator, battery or other energy asset to the wider electrical network so electricity can flow to and from the system. For investors, it matters because a project can’t reliably sell power, meet contracts or access grid services until interconnection is approved and built; think of it like a new store that can’t open for business until utilities and access roads are finished.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DUFF, TN / ACCESS Newswire / November 3, 2026 / Abits Group Inc. (Nasdaq:ABTS) ("Abits" or the "Company"), a U.S.-focused digital infrastructure company with Bitcoin mining operations, today announced a strategy to pursue opportunities in artificial intelligence (AI) infrastructure and high-performance computing (HPC) hosting. The initiative aims to leverage the Company's existing power infrastructure, facilities and operating experience to develop new hosting revenue opportunities.

Stephen Faucetta, Chairman and CEO of Abits Group, commented:

"We see a compelling opportunity to expand our business as demand for AI computing infrastructure accelerates. With access to existing power and operating facilities, we believe Abits may have an advantage over new developments that must secure suitable sites, power connections and regulatory approvals before construction can begin. Our goal is to capitalize on these assets to develop new revenue streams while maintaining a disciplined approach to investment and execution."

AI's rapid growth is driving significant demand for data center capacity and electricity. According to a June 2026 report from the U.S. Department of Energy's Lawrence Berkeley National Laboratory, data centers could account for approximately 11.8% of total U.S. electricity consumption by 2030, with projections ranging from 9.5% to 15.3%. The Company believes that power constraints, grid interconnection delays and permitting requirements are also creating challenges for new data center developments.

Abits intends to pursue a phased approach to evaluating AI and HPC hosting opportunities at its existing U.S. facilities. The initial evaluation is expected to focus on available power capacity, cooling and connectivity requirements, necessary infrastructure upgrades and potential commercial arrangements. The Company has not entered into any definitive AI or HPC hosting agreements at this stage, and potential deployments would depend on technical feasibility, customer demand, the availability of financing and investment economics.

About Abits Group Inc.

Abits Group Inc. (Nasdaq:ABTS) is a digital infrastructure company with Bitcoin mining operations in the United States. Through its U.S. subsidiary, Abit USA, Inc., the Company owns or operates infrastructure supporting energy-intensive computing applications. Abits is evaluating opportunities to expand its business into artificial intelligence, high-performance computing and related digital infrastructure services. Additional information is available at www.abitsgroup.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's AI infrastructure strategy, potential deployment of AI and high-performance computing systems, the availability and suitability of its power, facilities and other infrastructure, potential partnerships and commercial arrangements, and the timing, scale and economic potential of the initiative. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. These include the Company's lack of experience in AI or HPC hosting; the cost and feasibility of upgrading its existing facilities; the Company's ability to secure financing, equipment, customers and strategic partners; the availability and cost of electricity; utility, permitting and regulatory requirements; network and cooling availability; changes in demand; technological change; competition; supply chain constraints; and other risks described in the Company's filings with the U.S. Securities and Exchange Commission, including under "Risk Factors" in its Annual Report on Form 20-F for the year ended December 31, 2025. Readers should not place undue reliance on these statements. The Company undertakes no obligation to update them except as required by law.

Investor and Media Contact

Hayden IR
Brian Siegel, 346-396-8696

or

Brett Maas, 646-536-7331
abts@haydenir.com

SOURCE: Abits Group Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Abits Group's AI and high-performance computing expansion strategy?

Abits plans to evaluate AI infrastructure and high-performance computing hosting opportunities at its existing U.S. facilities. The company aims to use its existing power infrastructure, facilities and operating experience to develop new hosting revenue streams.

Has Abits Group signed any AI or high-performance computing hosting agreements?

Abits has not entered into any definitive AI or high-performance computing hosting agreements at this stage. Potential deployments would depend on technical feasibility, customer demand, the availability of financing and investment economics.