← American Bitcoin Corp.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net Income From Continuing Operations | — | — | — | — | ($104.2m) | $39.6m | $428.9m | ($153.2m) | ($194.9m) | |
| Net Income (Loss) Attributable to Parent | — | — | ($15.5m) |
($31.3m)
-101.67%
|
($79.1m)
-152.35%
|
($11.6m)
+85.35%
|
($21.3m)
-83.97%
|
($153.2m)
-619.11%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($12.3m) | ($16.4m) | ($31.3m) | ($79.1m) | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($850k) | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | — | — | $1.3m | $5.7m | $7.8m | $919k | $11.2m | $58.2m | $96.7m | |
| Amortization of Debt Issuance Costs | — | — | $1.2m | — | — | ($584k) | — | — | — | |
| Amortization of Intangible Assets | — | — | $1.3m | $5.6m | $5.6m | — | — | $0 | — | |
| Capitalized Computer Software, Amortization | — | — | — | $300k | — | — | — | — | — | |
| Depreciation | — | — | $28k | $128k | $47k | $28k | $11.2m | $58.2m | $58.2m | |
| Amortization of debt discount | — | — | — | — | — | $6.3m | $3.5m | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | $16.8m | $14.4m | $22.7m | $58.2m | $96.7m | |
| Depreciation, Amortization and Accretion, Net | — | — | $1.3m | $5.7m | $7.8m | $919k | $22.7m | $58.2m | $96.7m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $2.3m | ($675k) | — | — | $18.8m | ($6.5m) | |
| Deferred tax assets and liabilities | — | — | — | — | — | ($19.6m) | $58.7m | ($25.2m) | — | |
| Deferred Income Tax | — | — | — | — | $978k | ($18.8m) | $58.8m | ($25.4m) | ($6.5m) | |
| Deferred Tax | — | — | — | — | $978k | ($18.8m) | $58.8m | ($25.4m) | ($6.5m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $491k | $1.3m | $2.1m | $874k | $404k | $1.6m | $2.1m | $1.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $520k | $10k | $49 | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $0 | — | $1.1m | |
| Stock-based compensation | — | — | $1.2m | $2.1m | $874k | $404k | $9.2m | $2.1m | $1.1m | |
| Goodwill and Intangible Asset Impairment | — | — | — | $14 | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | $31.1m | — | — | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | $0 | — | |
| Asset Impairment Charge | — | — | — | — | $49.7m | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments | — | — | ($4k) | ($8k) | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | $109k | $922k | ($228k) | ($3.9m) | ($1.7m) | ($3.6m) | $56.7m | — | |
| Other Nonoperating Income (Expense) | — | $18k | ($254) | $186k | ($221k) | ($203k) | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||
| Change In Working Capital | — | — | — | — | ($7.1m) | $13.7m | $11.5m | ($24.2m) | $17.6m | |
| Increase (Decrease) in Accounts Receivable | — | $1.7m | $1.6m | ($850k) | ($198k) | ($8k) | ($486k) | — | ($113k) | |
| Change In Receivables | — | — | — | — | — | $0 | $0 | ($2.2m) | ($113k) | |
| Increase (Decrease) in Accounts Payable | — | $767k | — | — | — | — | — | — | ($9.4m) | |
| Accounts payable and accrued expenses | — | — | $1.6m | $1.6m | ($324k) | $870k | $1.7m | ($22.2m) | ($9.4m) | |
| Net Cash Provided by (Used in) Operating Activities | ($3.7m) |
($9.0m)
-141.69%
|
($14.3m)
-58.56%
|
($8.2m)
+43.07%
|
($10.9m)
-33.46%
|
($5.9m)
+45.98%
|
($3.4m)
+42.33%
|
($79.6m)
-2244.17%
|
($99.4m)
-24.86%
|
|
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | ($157k) | ($39k) | $32k | ($1.9m) | $1.1m | $267.2m | ($445k) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | $42.5m | — | ($2.5m) | ($91.5m) | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | ($288k) | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $89k | $5.0m | ($400k) | — | — | ($894k) | — | |
| Net cash (used) provided by investing activities | — | $18.8m | ($3.6m) | ($10.5m) | ($4.0m) | $1.2m | ($2.7m) | ($398.3m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | $18.8m | ($3.6m) | ($10.5m) | ($4.0m) | $1.2m | ($2.7m) | ($398.3m) | ($470.0m) | |
| Cash flows from financing activities: | ||||||||||
| Repayments of Long-term Debt | — | — | — | $4.6m | $5.2m | — | — | — | $0 | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | $186k | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $17.2m | $18.0m | — | — | — | — | — | |
| Gain on debt extinguishment | — | — | — | ($186k) | — | ($23.7m) | ($6.0m) | — | — | |
| Debt issuance costs paid | — | — | ($1.2m) | — | — | ($584k) | — | — | — | |
| Issuance Of Debt | — | — | — | — | $50.0m | $0 | $0 | — | — | |
| Long Term Debt Issuance | — | — | — | — | $50.0m | $0 | $0 | — | — | |
| Long Term Debt Payments | — | — | — | — | ($11.1m) | ($10.8m) | ($11.5m) | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | $38.9m | ($10.8m) | ($11.5m) | $0 | $0 | |
| Net Long Term Debt Issuance | — | — | — | — | $38.9m | ($10.8m) | ($11.5m) | $0 | $0 | |
| Repayment Of Debt | — | — | — | — | ($11.1m) | ($10.8m) | ($11.5m) | $0 | $0 | |
| Proceeds from Issuance of Common Stock | — | $10.0m | — | — | — | $500k | $1.4m | — | $381.8m | |
| Proceeds from the issuance of Class A common stock - private placement, net of issuance costs | — | — | — | — | — | $500k | — | $205.3m | — | |
| Proceeds from the issuance of Class A common stock - warrant exercises | — | — | $4.2m | — | — | — | — | $6k | — | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | $443.0m | $381.8m | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | $443.0m | $381.8m | |
| Net Other Financing Charges | — | — | — | — | $9.4m | $4.0m | $132.1m | $38.7m | $38.7m | |
| Net Cash Provided by (Used in) Financing Activities | $1.0m |
$10.0m
+900.00%
|
$20.2m
+102.34%
|
$14.7m
-27.17%
|
$8.6m
-41.40%
|
($2.8m)
-132.05%
|
$6.0m
+315.47%
|
$481.7m
+7978.00%
|
$381.8m
-20.73%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | ($6.3m) | ($7.4m) | ($180k) | — | $18.4m | |
| Cash, beginning of period | — | $22.4m | $24.7m | $14.4m | $8.2m | $768k | $735k | $3.8m | — | |
| Beginning Cash Position | — | — | — | — | $0 | $0 | $0 | $0 | $205.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $24.7m | $14.4m | $8.2m | $768k | $735k | $3.8m | $18.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $19k | ($22k) | $4k | — | — | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $508k | $256k | $787k | $40k | $0 | — | |
| Income Taxes Paid, Net | — | — | — | ($11k) | ($16k) | $176k | $0 | $6k | — | |
| Additional Financial Items | ||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | $248k | $63k | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | $213k | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | ($3.2m) | — | — | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | — | — | — | ($288k) | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | $3k | $15k | $23k | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | ($33.5m) | ($146k) | $227.1m | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | — | — | — | $56.3m | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | $6.2m | — | — | |
| General and Administrative Expense | — | — | $11.3m | $10.4m | $8.3m | $5.7m | $11.3m | $33.4m | — | |
| Goodwill | — | — | $20.3m | $46.9m | $1.7m | — | — | $154.4m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($58.6m) | ($8.6m) | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($13k) | — | — | ($153.2m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($20.4m) | ($3.0m) | $4.8m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($20.4m) | — | $4.8m | — | — | |
| Income Tax Expense (Benefit) | — | — | $31k | ($2.3m) | ($716k) | — | — | ($18.1m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | $914k | — | — | |
| Noncash Merger Related Costs | — | — | — | — | — | — | $394k | — | — | |
| Operating Costs and Expenses | — | — | — | — | — | — | $38.3m | — | — | |
| Operating Expenses | — | $18.7m | $23.6m | $45.9m | $63.7m | $10.3m | — | — | — | |
| Proceeds from Contributed Capital | — | — | — | $1.8m | $1.9m | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | — | — | — | — | — | — | $38.7m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $13k | $20.7m | $13.6m | — | — | — | — | |
| Stock or Unit Option Plan Expense | — | $3.9m | $1.2m | — | — | — | — | — | — | |
| Bitcoin mining revenue | — | — | — | — | — | ($65.0m) | ($71.5m) | ($185.2m) | — | |
| Loss (gain) on digital assets | — | — | — | — | — | ($33.5m) | ($509.3m) | $227.1m | — | |
| Gain on derivatives | — | — | — | — | — | — | ($6.8m) | ($56.3m) | — | |
| Deposits and prepaid expenses | $162k | ($351k) | ($593k) | ($9k) | $258k | $602k | ($2.4m) | $193k | — | |
| Income taxes payable | — | — | — | — | — | $767k | $122k | ($188k) | — | |
| Proceeds from sale of digital assets | — | — | — | — | — | $63.7m | $69.8m | $3.4m | — | |
| Purchases of digital assets | — | — | — | — | — | — | ($100.7m) | ($405.1m) | — | |
| Cash assumed from the Mergers | — | — | ($89k) | ($5.0m) | $400k | — | — | $894k | — | |
| Repayments of loans payable | — | — | — | — | — | ($10.8m) | ($40k) | — | — | |
| Net transfer from Hut 8 - non-cash | — | — | — | — | — | $4.6m | $132.1m | $38.7m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | $48.3m | ($6.8m) | $120.6m | $481.7m | $381.8m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | $24.3m | $62.7m | ($66.6m) | ($398.3m) | ($470.0m) | |
| Change In Account Payable | — | — | — | — | $220k | $16.0m | $14.0m | ($22.2m) | ($9.4m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | $0 | $0 | $0 | $3.8m | — | |
| Change In Payable | — | — | — | — | $220k | $16.0m | $14.0m | ($22.2m) | ($9.4m) | |
| Change In Prepaid Assets | — | — | — | — | ($7.3m) | ($2.3m) | ($2.4m) | $193k | $1.0m | |
| End Cash Position | — | — | — | — | $0 | $0 | $0 | $3.8m | $18.4m | |
| Financing Cash Flow | — | — | — | — | $48.3m |
($6.8m)
-114.00%
|
$120.6m
+1884.83%
|
$481.7m
+299.35%
|
$381.8m
-20.73%
|
|
| Free Cash Flow | — | — | — | — | ($119.5m) | ($56.9m) | ($89.7m) | ($79.6m) | ($99.8m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($6.8m) | ($56.7m) | ($91.5m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $0 | $0 | $2.5m | $0 | |
| Investing Cash Flow | — | — | — | — | $24.3m | $62.7m | ($66.6m) | ($398.3m) | ($470.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $0 | $894k | $894k | |
| Net Investment Purchase And Sale | — | — | — | — | $71.2m | $63.7m | ($30.9m) | ($401.7m) | ($470.5m) | |
| Net PPE Purchase And Sale | — | — | — | — | ($46.9m) | ($966k) | ($35.7m) | $2.6m | ($445k) | |
| Operating Gains Losses | — | — | — | — | — | ($23.7m) | ($12.7m) | ($54.2m) | ($91.5m) | |
| Other Non Cash Items | — | — | — | — | ($56.6m) | ($56.8m) | ($63.2m) | ($110.0m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $0 | $6k | $6k | |
| Purchase Of Investment | — | — | — | — | $0 | $0 | ($100.7m) | ($405.1m) | ($470.5m) | |
| Purchase Of PPE | — | — | — | — | ($46.9m) | ($966k) | ($35.7m) | $0 | ($445k) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | $894k | $894k | |
| Sale Of Investment | — | — | — | — | $71.2m | $63.7m | $69.8m | $3.4m | $0 | |
| Sale Of PPE | — | — | — | — | — | $0 | $0 | $2.6m | $0 | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | $22.9m | ($33.5m) | ($509.3m) | $227.1m | $306.1m |