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ABITS GROUP Inc Reports Unaudited Financial Results for the First Half of 2026

GlobeNewswire Inc.·
ABITS GROUP Inc Reports Unaudited Financial Results for the First Half of 2026

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.

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