Hong Kong, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ:ABTS), a new generation digital center with inhouse bitcoin mining operations, today announced its unaudited results for the third quarter ended September 30, 2025 which reflect continued solid progress at both its sites in Tennessee. Highlights of the Quarter  ●Total revenue reached $1.61 million in Duff, Tennessee, representing a 27.5% increase compared to the same period last year. Profit of this self-owned mining operation was $0.76 million, up from $ 0.39 million in Q3 2024. ●There was a modest profit contribution of $0.43 million from the Mendenhall hosting facility in Memphis ●Operating profit from operations, be

Hong Kong, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc (the "Company") (NASDAQ:ABTS), a digital data center operator specializing in bitcoin self-mining operations, today announced the results of its 2025 Annual Meeting of Shareholders held on November 21, 2025 in Hong Kong. At the meeting, the shareholders:  ●Elected Conglin (Forrest) Deng, Lionel Choong Khuat Leok, Tao Xu, Chuan Zhan, and Yanyan Sun to its Board of Directors; and ●Ratified the appointment of Audit Alliance LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.    About Abits Group Inc Abits Group Inc (formerly, Moxian (BVI) Inc), a British Virgin Islands b

Hong Kong, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc (the "Company") (NASDAQ:ABTS), a company engaged in the bitcoin mining and related services business, today announced that the Company's 2025 annual meeting of shareholders will be held on November 21, 2025 at 11:00 A.M., Hong Kong Time (10:00 P.M., Eastern Time, on November 20, 2025), at Level 24, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong SAR, China. Shareholders as of the record date, close of business on October 17, 2025, will be entitled to vote at the meeting. Although the Company does not provide its shareholders with any right to put any proposals before its annual meetings, any shareholder may submit a pro

Hong Kong, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ:ABTS) today announced it has recently made certain corrections to its unaudited financial statements for the six months ended June 30, 2025 that were announced on August 13, 2025. The items that were corrected were the number of the Company's authorized shares and the number of issued and outstanding shares as of June 30, 2025. A note describing these changes as a result of the reverse split that was effected on March 10, 2025 is included as Note 5 to the amended financial statements. All other financial figures, including the loss for the period of six months to June 30, 2025 and the loss per share remain unchanged. T

Hong Kong, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ:ABTS) is pleased to announce its half-year results for the period ended June 30, 2025. The operating profit from mining operations for the six months to June 30, 2025 was $2.138 million, an improvement of nearly 6% from the corresponding period last year. This was despite the halving of the mining rewards from late April 2024 which reduced total output to 40.27 bitcoins in the first half of 2025 (61.53 bitcoins in the same period of 2024). An improvement in the average price of bitcoins of $95,843 (2024: $59,628) and a maiden contribution from the Memphis hosting facility in the last quarter helped to compensate for the

Hong Kong, May 29, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc (the "Company") (NASDAQ:ABTS) The Company is pleased to announce certain highlights of its operating results for the first quarter of fiscal year 2025 These figures have not been reviewed or audited by the Company's auditors. (‘mn) 2025Q1  2024Q1  +/- （％） Revenue from operations  1.78   2.15   -17.2 Costs of revenue  (0.96)  (0.86)  +11.6 Gross profit from operations  0.82   1.29      The gross profit from operations reflect the profitability of its mining operations in the Duff plant, before amortization of its mining assets and before deducting group's central general and administration overheads. During the first quarter of 2

Hong Kong, March 25, 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 that on March 24, 2025, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed. About Abits Group Inc Abits Group Inc (formerly Moxian (BVI) Inc), a company organized in the British Virgin Islands in May 2021, is the surviving company following its merger with Moxian, Inc. in August 2021. Abits Group Inc is a new generation digital

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

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 Februa

Hong Kong, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ:ABTS), a U.S.-based digital data center operator specializing in Bitcoin self-mining operations, today announced a significant expansion of its operations through a new 10MW hosting facility in Memphis, Tennessee, effectively doubling its mining capacity. The Company has successfully completed the deployment of 400 units of Antminer T21 at its Duff operation which now runs a total hash rate of approximately 500PH/s. The Memphis addition, secured through a hosting agreement with 4545 S Mendenhall LLC, will increase the Company's total power capacity to 22 MW and is expected to raise the total output to approximately 1EH/