◆ NeutralABTS
ABITS GROUP Inc Reports Unaudited Financial Results for the First Half of 2026
GlobeNewswire Inc.·
Abits Group Inc (NASDAQ: ABTS) reported H1 2026 revenue of $3.20 million, down 20% year-over-year, primarily due to a 23% decline in Bitcoin output at the Duff site and significant BTC market downturn. The company posted a pre-tax loss of $2.54 million compared to $0.34 million loss in H1 2025. However, the newly operational Memphis site contributed 15.58 BTC and $1.2 million in revenue. The company secured $14 million in convertible note financing and appointed new leadership including CEO Stephen Faucetta.
Read Full Article at GlobeNewswire Inc. →