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Abits Group Inc Secures Loan for Memphis Expansion, Doubling Mining Capacity by Early April 2025

  • Hong Kong, March 19, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc (the “Company”) (NASDAQ: ABTS), a bitcoin mining and related services company operating in the United States, announced today that its wholly owned subsidiary, Abit USA, Inc. (“Abit USA”), has secured a $3.0 million loan from an unrelated third party to fund the purchase of new Antminer S19XP machines for its new operational expansions in Memphis, Tennessee. The deployment of these miners is expected to be completed by the end of March or early April 2025, effectively doubling Abit USA's mining capacity as it expands power capacity from the current 10MW to 22MW. As previously announced, the Memphis hosting facility is expected to come online in the second quarter of 2025. The loan, which carries a simple interest rate of 12% per annum, is secured by Abit USA's assets located in Duff, Tennessee.
    03/19/2025

Abits Group Inc Announces Changes of the Authorized Shares and Share Consolidation

  • Hong Kong, March 05, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc (the “Company”) (NASDAQ: ABTS), a company engaged in bitcoin mining and related services in the United States, announced today, on February 13, 2025, the Company's board of directors (the “Board of Directors”) approved to amend and restate the Company's memorandum and articles of association, as amended, to change the maximum number of shares the Company is authorized to issue to an unlimited number of ordinary shares of no par value each and an unlimited number of preferred shares of no par value each (the “Amended and Restated Memorandum and Articles”). The Amended and Restated Memorandum and Articles became effective on February 17, 2025 upon the filing with the Registrar of Corporate Affairs of the British Virgin Islands.
    03/05/2025
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The price of Abits Group Inc. (ABTS) is 2.47 and it was updated on 2025-04-02 13:00:25.

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Abits Group Inc Announces Deployment of 500 S19XP Machines, Adding 70,500 TH to Operations

  • Hong Kong, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a leading digital data center operator specializing in Bitcoin self-mining operations in the United States, is pleased to announce the deployment of 500 state-of-the-art S19XP mining machines at its Duff, Tennessee site. These new additions will enhance the company's total hash rate by 70,500 terahashes (TH), significantly boosting operational capacity.
    Fri, Oct. 25, 2024

Abits Group Inc Receives NASDAQ Minimum Bid Price Requirement Extension

  • Hong Kong, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc (the “Company”) (NASDAQ: ABTS), a company engaged in bitcoin mining and related services in the United States, announced today on October 10, 2024, it received notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through April 7, 2025. To regain compliance with NASDAQ's minimum bid price requirement, the closing bid price of the Company's common shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by April 7, 2025.
    Fri, Oct. 11, 2024

Abits Group Inc Reports Unaudited Financial Results for the First Half of 2024

  • Hong Kong, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ: ABTS) is pleased to announce its half-year results for the period ended June 30, 2024.
    Fri, Aug. 16, 2024

Abits Group Inc. Company Welcomes Christopher Silva as Vice President of HR and Business Development

  • Hong Kong, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc., a leading global Bitcoin mining enterprise, is thrilled to announce the appointment of Christopher Silva as Vice President of HR and Business Development, effective May 1, 2024.
    Mon, Aug. 05, 2024

Abits Group Reports continued growth in Q2

  • Hong Kong, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ: ABTS), a leading data center operator specializing in bitcoin mining operations in the United States, is pleased to report its continued progress in the second quarter of 2024.
    Mon, Aug. 05, 2024
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Abits Group Inc. Achieves Strong Growth and Expansion in Q1 2024, Sets Stage for Continued Progress in Q2

  • Hong Kong, May 22, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a leading digital data center operator specializing in Bitcoin self-mining operations in the United States, is pleased to announce significant achievements and expansion initiatives for the first quarter of 2024, setting the stage for sustained growth throughout the year.
  • 05/22/2024

Abits Group Receives NASDAQ Notification Regarding Minimum Bid Price Requirements

  • Hong Kong, April 15, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc (the “Company”) (NASDAQ: ABTS), a company engaged in bitcoin mining and related services business based in the United States, announced today that on April 12, 2024, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company's ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “ABTS”.
  • 04/15/2024

Abits Group Inc Announces Operational Updates For The Quarter Ended December 31, 2023

  • Hong Kong, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ: ABTS), a company engaged in the crypto mining business, has released its operations update for the quarter ended December 31, 2023.
  • 01/30/2024
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