ABTS

MKT CAP:$3M

Abits Group Inc.

Market Cap

$3M

Financial Services·Financial - Capital Markets·🇭🇰 Hong Kong·NASDAQ

Financials·Financial·🇭🇰·NASDAQ

Stock Price

$1.41-$3.74 (-72.62%)

Apr 21, 2026

Company Details

Abits Group Inc., a digital company, engages in the provision of bitcoin mining and related services in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits G...

CEO

Conglin Deng

IPO Date

Apr 10, 2014

Website

www.abitsgroup.com

Key Metrics TTM

Revenue

$9M

+103.8% YoY

Net Income

-$1M

EPS (Diluted)

-$0.53

Free Cash Flow

-$4M

Revenue / Share

$3.74

Gross Margin

38.3%

Operating Margin

26.9%

Net Margin

-14.2%

FCF Margin

-45.6%

P/S

0.3x

P/E

—

Earnings Reports

Q2 2025

Aug 13, 2025

$4M+117.8%EPS -$0.15

Q4 2024

Apr 30, 2025

$2M-9.2%EPS -$0.19

Q3 2024

Sep 30, 2024

$2M+81.7%EPS -$0.19

Q2 2024

Jun 30, 2024

$2M+25131.2%EPS -$0.00

Q1 2024

Mar 31, 2024

$2M+50362.4%EPS -$0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$194.1K	$194.1K	-$180.5K
Q3 21	$1.2K	$1.2K	-$2M
Q4 21	$1.2K	$1.2K	-$2M
Q1 22	$20.2K	$12.5K	-$68.2K
Q2 22	$20.2K	$12.5K	-$68.2K
Q3 22	$62.0K	-$161.0K	-$10M
Q4 22	$62.0K	-$61.2K	$10M
Q1 23	$3.6K	-$3.7K	-$1M
Q2 23	$7.3K	-$3.7K	-$4M
Q3 23	$837.1K	$616.7K	$2M
Q4 23	$2M	$616.7K	-$2M
Q1 24	$2M	$494.5K	$373.9K
Q2 24	$2M	$494.5K	$373.9K
Q3 24	$2M	$1M	$1M
Q4 24	$2M	$1M	$1M
Q2 25	$4M	$518.8K	-$614.8K

Valuation

Quarter	P/S	P/E
Q2 21	3.7x	—
Q3 21	12.0x	—
Q4 21	11.9x	—
Q1 22	12.0x	—
Q2 22	61.0x	—
Q3 22	25.2x	—
Q4 22	15.9x	—
Q1 23	17.6x	—
Q2 23	19.3x	—
Q3 23	2.9x	—
Q4 23	1.0x	—
Q1 24	0.6x	—
Q2 24	0.4x	—
Q3 24	0.4x	—
Q4 24	0.4x	—
Q2 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$821.7K	-$821.7K
Q3 21	$1M	$1M
Q4 21	$1M	$1M
Q1 22	-$18M	-$18M
Q2 22	-$18M	-$18M
Q3 22	$14M	-$863.2K
Q4 22	$14M	-$863.2K
Q1 23	-$505.8K	-$505.8K
Q2 23	-$1M	-$1M
Q3 23	$1M	-$3M
Q4 23	$3M	-$6M
Q1 24	-$235.1K	-$235.1K
Q2 24	-$235.1K	-$235.1K
Q3 24	$1M	-$104.7K
Q4 24	$1M	-$104.7K
Q2 25	-$570.4K	-$4M

Capital Expenditures

Quarter	CapEx
Q1 21	$0
Q3 21	$0
Q4 21	$0
Q1 22	$0
Q2 22	$0
Q3 22	$15M
Q4 22	$15M
Q1 23	$0
Q2 23	$0
Q3 23	$5M
Q4 23	$9M
Q1 24	$0
Q2 24	$0
Q3 24	$1M
Q4 24	$1M
Q2 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+162.0%	+136.2%
Q3 21	-99.8%	+277.7%
Q4 21	—	+298.5%
Q1 22	-11.7%	+203.3%
Q2 22	-89.6%	-76.4%
Q3 22	+5176.9%	+523.8%
Q4 22	+5176.9%	-711.9%
Q1 23	-82.0%	+1492.5%
Q2 23	-64.0%	+3868.4%
Q3 23	+1250.1%	-112.3%
Q4 23	+2600.3%	+135.8%
Q1 24	+50362.4%	+3.7%
Q2 24	+25131.2%	-58.4%
Q3 24	+81.7%	+117.5%
Q4 24	-9.2%	-93.9%
Q2 25	+117.8%	+215.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q2 21	—	$374.6K
Q3 21	—	$446.3K
Q4 21	—	$446.3K
Q1 22	$392.8K	—
Q2 22	$392.8K	—
Q3 22	$440.6K	—
Q4 22	$1M	—
Q1 23	$346.5K	—
Q2 23	—	$692.9K
Q3 23	$388.2K	—
Q4 23	—	$776.5K
Q1 24	$552.1K	—
Q2 24	$552.1K	—
Q3 24	$490.6K	—
Q4 24	$490.6K	—
Q2 25	$1M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 21	$3M	$0	$3M
Q3 21	$3M	$0	$3M
Q4 21	$3M	$0	$3M
Q1 22	$6M	$0	$6M
Q2 22	$6M	$0	$6M
Q3 22	$3M	$0	$3M
Q4 22	$3M	$0	$3M
Q1 23	$2M	$0	$2M
Q2 23	$2M	$141.5K	$2M
Q3 23	$884.2K	$0	$884.2K
Q4 23	$884.2K	$0	$884.2K
Q1 24	$396.6K	$0	$396.6K
Q2 24	$396.6K	$0	$396.6K
Q3 24	$1M	$0	$1M
Q4 24	$1M	$0	$1M
Q2 25	$145.1K	$0	$145.1K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	1M	+19.5%	+19.5%
Q3 21	1M	-4.2%	+14.4%
Q4 21	1M	0.0%	-4.2%
Q1 22	2M	+91.9%	+119.6%
Q2 22	2M	0.0%	+83.8%
Q3 22	2M	-7.5%	+77.5%
Q4 22	2M	0.0%	+77.5%
Q1 23	2M	+8.1%	0.0%
Q2 23	2M	-1.9%	-1.9%
Q3 23	2M	+1.9%	+8.1%
Q4 23	2M	0.0%	+8.1%
Q1 24	2M	+0.0%	0.0%
Q2 24	2M	0.0%	+1.9%
Q3 24	2M	-0.0%	0.0%
Q4 24	2M	0.0%	0.0%
Q2 25	2M	+0.0%	-0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$138.3K	11
Q2 25	$363.2K	11

Revenue / Employee