ABITS Group maintains growth momentum in its third quarter of 2025
Rhea-AI Summary
Abits Group (NASDAQ: ABTS) reported unaudited Q3 2025 results for the quarter ended September 30, 2025, showing operational gains at its Tennessee sites.
Key figures: Duff revenue $1.61M (+27.5% YoY), self-owned mining profit $0.76M (Q3-2024: $0.39M), operating profit before depreciation and group overheads $1.19M (+207.1%), and total revenue $1.611M. Mining output from Duff was 13.61 BTC and digital assets carried value was $2.49M at period end. Loss before taxation narrowed to $0.29M. The company took a $3.0M loan in April 2025 to fund Memphis hosting equipment, carrying 12% simple interest repayable over two years.
Positive
- Duff revenue $1.611M (+27.5% YoY)
- Self-owned mining profit $0.759M (Q3-2024: $0.387M)
- Operating profit before depreciation $1.189M (+207.1%)
- Digital assets balance $2.486M at September 30, 2025
Negative
- Cash and cash equivalents fell to $94,132 from $1,118,929
- $3.0M loan added in April 2025 with 12% interest and 2-year repayment
- Loss before taxation remained at $0.287M for Q3-2025
- Depreciation expense $955,142 in Q3-2025
Key Figures
Market Reality Check
Peers on Argus 3 Down
ABTS was up 9.08% ahead of this news, while momentum peers like MIGI, NCPL and SOS in the broader group screened with downside moves (median around -6%). This divergence suggests more company-specific drivers versus a broad sector tailwind.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 24 | Annual meeting results | Neutral | +15.7% | Reported voting outcomes and director elections from 2025 annual meeting. |
| Oct 10 | Meeting announcement | Neutral | -0.2% | Announced date, time and logistics for 2025 shareholder meeting. |
| Sep 02 | Amended H1 financials | Neutral | -4.3% | Filed amended unaudited H1 2025 results correcting share counts and metrics. |
| Aug 13 | H1 2025 results | Neutral | +5.7% | Released unaudited H1 2025 results highlighting mining profit and a small loss. |
Recent news, mainly governance and financial updates, has generally seen price moves that track the informational tone without clear divergence patterns.
Over the last few months, ABTS news has focused on governance and financial reporting. An annual meeting results announcement on Nov 24, 2025 coincided with a 15.73% move, while prior meeting logistics in October 2025 had minimal impact. Earlier in September 2025, amended H1 2025 financials, including $3.99M revenue and a modest net loss, saw a small negative reaction. Initial H1 2025 results in August 2025 produced a 5.72% gain. Against this backdrop, today’s Q3 2025 update extends the financial narrative with quarterly detail.
Regulatory & Risk Context
An effective Form F-3 shelf dated Dec 1, 2025 registers up to $100,000,000 of securities, allowing ABTS to issue equity, debt, warrants, rights or units in future offerings via prospectus supplements. This structure provides flexibility to raise capital as needed, which could impact existing shareholders if utilized.
Market Pulse Summary
This announcement details ABTS’s Q3 2025 performance, including revenue of $1.61M, operating profit of $1.19M, and a reduced loss before tax of $287,237. The Duff mine generated 13.61 bitcoins and contributed $759,363 in profit, while the Memphis joint-venture added $429,832. The balance sheet shows $2,485,585 of digital assets and a $3,000,000 equipment loan. Investors monitoring this story would typically track future bitcoin price trends, Memphis efficiency improvements, and any use of the $100,000,000 F-3 shelf.
Key Terms
digital assets financial
BTC financial
AI-generated analysis. Not financial advice.
Hong Kong, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a new generation digital center with inhouse bitcoin mining operations, today announced its unaudited results for the third quarter ended September 30, 2025 which reflect continued solid progress at both its sites in Tennessee.
Highlights of the Quarter
| ● | Total revenue reached | |
| ● | There was a modest profit contribution of | |
| ● | Operating profit from operations, before accounting for depreciation and group overheads totalled | |
| ● | Loss before taxation narrowed to | |
Management Commentary
The results reflect the operational efficiencies at its main plant in Duff and the favorable bitcoin prices throughout the third quarter. While electricity costs were in line with expectations, there was a significant saving in the water bills as a result of the investment in the two water wells in an earlier period. Total output from this self-owned mine was 13.61 bitcoins.
The contribution from the joint-venture with Mendenhall LLC in Memphis was affected by a higher electricity consumption at peak-rate hours, which Management is reviewing and taking appropriate action.
Outlook
Looking ahead, we expect continuing improvement in Memphis while the Duff mine performs at its optimal level as the operations mature. Much will also depend on bitcoin prices which have faltered in the last quarter of 2025 but should be sustainable at the current level. The Company believes it has established a solid base for its operations as it seeks other opportunities in the United States.
The Company is a foreign private filer (FPI) and is not required to file quarterly reports. The following abridged results are not required to be audited or reviewed by the Company’s independent accountants.
ABITS GROUP INC
CONSOLIIDATED FINANCIAL RESULTS Q3-2025
UNAUDITED CONSOLIDATED BALANCE SHEET
| Note | As of September 30 2025 | As of December 31 2024 | ||||||||
| Current assets | ||||||||||
| Cash and cash equivalents | 94,132 | 1,118,929 | ||||||||
| Other receivables and prepayments | 2 | 494,370 | 558,707 | |||||||
| Total current assets | 588,502 | 1,677,636 | ||||||||
| Digital assets | 1 | 2,485,585 | 257,753 | |||||||
| Property, equipment and vehicles | 9,961,428 | 9,435,908 | ||||||||
| TOTAL ASSETS | $ | 13,035,515 | $ | 11,371,297 | ||||||
| Liabilities and shareholders’ equity | ||||||||||
| Other payables and accruals | 4 | 1,057,174 | 990,346 | |||||||
| Loan | 3 | 2,250,000 | 0 | |||||||
| Total liabilities | $ | 3,307,174 | $ | 990,346 | ||||||
| Shareholders’ equity | ||||||||||
| Preferred stock | 5,050 | 5,050 | ||||||||
| Common stock | 35,554 | 35,554 | ||||||||
| Additional paid-in capital | 89,290,193 | 89,290,193 | ||||||||
| Accumulated deficit | (79,460,192 | ) | (78,803,383 | ) | ||||||
| Accumulated other comprehensive income | (142,264 | ) | (146,463 | ) | ||||||
| Total shareholders’ equity | $ | 9,728,341 | $ | 10,380,951 | ||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 13,035,515 | $ | 11,371,297 | ||||||
UNAUDITED CONSOLIDATED INCOME STATEMENTS
| Q3-2025 | Q3-2024 | |||||||||
| Revenue | 5 | $ | 1,611,515 | $ | 1,263,700 | |||||
| Direct costs of revenue | 6 | (852,152 | ) | (876,391 | ) | |||||
| Profit of self-owned mining operation | 759,363 | 387,309 | ||||||||
| Share of profit from hosting joint-venture | 7 | 429,832 | 0 | |||||||
| Profit from operations | 1,189,195 | 387,309 | ||||||||
| General and administrative expenses | (440,968 | ) | (341,981 | ) | ||||||
| Depreciation | (955,142 | ) | (675,101 | ) | ||||||
| Changes in fair value of digital assets | 9,679 | (31,980 | ) | |||||||
| Loss before interest | (197,237 | ) | (661,753 | ) | ||||||
| Interest | 3 | (90,000 | ) | 0 | ||||||
| Loss before taxation | (287,237 | ) | (661,753 | ) | ||||||
Note
1 Digital Assets
| As of September 30 2025 | As of December 31 2024 | |||||||
| BTC at beginning | 257,753 | 693,389 | ||||||
| Mining output | 5,753,074 | 6,570,519 | ||||||
| Exchanged for cash | (4,063,905 | ) | (7,541,270 | ) | ||||
| Fair value changes | 460,146 | 523,498 | ||||||
| BTC at period end | 2,407,068 | 246,136 | ||||||
| USDT at period end | 78,517 | 11,617 | ||||||
| Total | 2,485,585 | 257,753 | ||||||
2 Other receivables and prepayments
| As of September 30 2025 | As of December 31 2024 | |||||||
| Utility deposit | 480,000 | 375,000 | ||||||
| Other sundry deposits | 14,370 | 23,707 | ||||||
| Deposit for the purchase of miners | 0 | 160,000 | ||||||
| Total | 494,370 | 558,707 | ||||||
3 Loan
This loan of
4 Other payables and accruals
| As of September 30 2025 | As of December 31 2024 | |||||||
| Staff salaries and other benefits | 62,605 | 62,036 | ||||||
| Electricity | 217,520 | 403,250 | ||||||
| Water | 40,358 | 0 | ||||||
| Tax | 29,570 | 55,306 | ||||||
| Hosting fee | 262,004 | 0 | ||||||
| Others | 445,117 | 469,754 | ||||||
| Total | 1,057,174 | 990,346 | ||||||
5 Revenue
| Q3-2025 | Q3-2024 | |||||||
| Mining output from Duff | 1,532,998 | 1,195,906 | ||||||
| Hosting income | 78,517 | 67,794 | ||||||
| Total | 1,611,515 | 1,263,700 | ||||||
6 Direct costs of revenue
| Q3-2025 | Q3-2024 | |||||||
| Electricity | 674,655 | 582,715 | ||||||
| Water | 76,617 | 196,544 | ||||||
| Site wages | 100,880 | 97,132 | ||||||
| Total | 852,152 | 876,391 | ||||||
7 Share of profit from joint-venture
In accordance with the hosting agreement signed with Mendenhall LLC in February 2025, the share of profit due to Abit USA is
About ABITS Group Inc.
ABITS GROUP INC. (NASDAQ: ABTS) a BVI-incorporated company, operates a new generation data center in Tennessee through its U.S. subsidiary, Abit USA, Inc., which has self-mining bitcoin operations and colocation hosting services.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
For further information, please contact:
Abits Group Inc
Investor Relations
ir@abitgrp.com
FAQ
What were Abits Group (ABTS) Q3 2025 total revenues and Duff site revenue?
How did Abits Group (ABTS) profitability change in Q3 2025 versus Q3 2024?
How much digital asset value did ABTS report at September 30, 2025?
What financing did Abits Group (ABTS) take in 2025 and what are the terms?
How many bitcoins did ABTS mine in Q3 2025 from its Duff facility?
What operating-cost changes affected ABTS Q3 2025 results?
