Abits Group Releases H1 2025 Financial Report: Mining Operations Generate $2.138 Million in Profit with 40.27 Bitcoins Produced
On August 14, Abits Group (NASDAQ: ABTS) released its unaudited financial report for the first half of 2025. The report shows that despite the impact of the Bitcoin halving, the company’s mining operations generated a profit of $2.138 million in the first half of the year, representing a year-on-year increase of nearly 6%. During the period, Bitcoin production was 40.27 coins, down from 61.53 coins in the same period last year. However, the negative impact of lower production was partially offset by the rise in the average Bitcoin price to $95,843 and contributions from the Memphis custody business. Due to increased depreciation expenses from new equipment and interest expenses related to Memphis investment loans, the company recorded a pre-tax operating loss of $340,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Yemen's Houthis vow more attacks on Saudi airports, oil facilities
Yen slips to a three-week low on US CPI, then recovers it all
Inflation surpasses expectations, impacting small-cap stocks; Russell 2000 drops nearly 2%, confirming a technical correction
On Wednesday, approximately four-fifths of the constituents in the Russell 2000 Index recorded declines. Since its peak in August, the index has dropped by 11%, falling below its 200-day moving average and entering a technical correction for the first time since March this year. Analysis indicates that with the US CPI rising more than expected and the probability of rate hikes increasing, small-cap, consumer, and transportation stocks are facing "sustained and long-term resistance."
Crypto prices
More
