Hong Kong, Dec. 12, 2024 (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 2024 Annual Meeting of Shareholders that was held on December 10, 2024 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; ●Ratified the appointment of Audit Alliance LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 ●Approved a share consolidation of the issued and outstanding shares of the Company's ordinary

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. Christopher brings over 30 years of extensive experience in human capital management, talent acquisition, and business development. Known for his innovative and results-oriented sourcing strategies, he has a proven track record in executive leadership, sales, and human resources across diverse corporate cultures, both domestically and internationally. In his new role at Abits Group Inc., Christopher will oversee HR Operations and spearhead talent acqu

Hong Kong, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ:ABTS), a U.S.-based digital data center operator specializing in Bitcoin self-mining operations, today announced it has signed agreements with Bitmain to purchase an additional 400 units of Antminer T21 for delivery by early December. Following the return of previously announced 500 units of S19 XP, the company has strategically shifted to the more advanced T21 miners. This purchase will increase the total mining fleet at its Tennessee site to 2,375 units, comprising: 1,370 units of Antminer S19 XP Hydro (featuring hydro-cooling technology)305 units of Antminer S19J Pro700 units of Antminer T21 The T21 delivers a hash

SC 13D/A - Abits Group Inc (0001864055) (Subject)

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/

Hong Kong, Dec. 12, 2024 (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 2024 Annual Meeting of Shareholders that was held on December 10, 2024 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; ●Ratified the appointment of Audit Alliance LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 ●Approved a share consolidation of the issued and outstanding shares of the Company's ordinary

Hong Kong, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ:ABTS), a U.S.-based digital data center operator specializing in Bitcoin self-mining operations, today announced it has signed agreements with Bitmain to purchase an additional 400 units of Antminer T21 for delivery by early December. Following the return of previously announced 500 units of S19 XP, the company has strategically shifted to the more advanced T21 miners. This purchase will increase the total mining fleet at its Tennessee site to 2,375 units, comprising: 1,370 units of Antminer S19 XP Hydro (featuring hydro-cooling technology)305 units of Antminer S19J Pro700 units of Antminer T21 The T21 delivers a hash

Hong Kong, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ:ABTS), a leading data center operator specializing in Bitcoin mining operations in the United States, today announced its operational updates for the third quarter of 2024. Operational Highlights The Company's mining fleet comprises: 1,370 units of S19 Hydro XP (featuring hydro-cooling technology)305 units of S19J Pro300 units of T21500 units of S19 XP (scheduled for deployment by end of October) Key performance metrics for Q3 2024: Weighted average fleet efficiency: 21.19 J/THMaximum hash rate achieved: approximately 430 PHMining output: 19.54 bitcoins (compared to 24.1 bitcoins in Q2, reflecting the impact of Apri

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. The S19XP machines, recognized for their efficiency and performance in Bitcoin mining, are scheduled to be fully operational by the end of October 2024. This strategic expansion marks a pivotal step in Abits Group's continued growth and commitment to strengtheni

Hong Kong, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc (the "Company") (NASDAQ:ABTS), a company engaged in the bitcoin mining and related service business, today announced that the Company's 2024 annual meeting of shareholders will be held on December 10, 2024 at 11:00 A.M., Hong Kong Time (10:00 P.M., Easter Time, on December 9, 2024), 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 23, 2024, 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 prop

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.  About Abits Group Inc Abits Gr

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. In a period when production is sustained throughout the six months, revenue grew to $3.67 million comprising 61.5 bitcoins, compared to the previous period when construction of the mining center in Tennessee was in progress and there was no production.. After accounting for direct costs of revenue amounting to $2.68 million, primarily electricity costs of $1.1 million and depreciation of $1.27 million, the gross profit from the mining operation was $0.75 million. The loss before tax of the group was $0.14 million after accounting

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. Christopher brings over 30 years of extensive experience in human capital management, talent acquisition, and business development. Known for his innovative and results-oriented sourcing strategies, he has a proven track record in executive leadership, sales, and human resources across diverse corporate cultures, both domestically and internationally. In his new role at Abits Group Inc., Christopher will oversee HR Operations and spearhead talent acqu

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. Mining output in this quarter was 24.09 bitcoins, compared with 36.9 bitcoins in the first quarter, the decline largely attributed to the halving of mining rewards in late April. This decrease occurred despite the Company achieving a higher hash rate in the second quarter of 360 PH/s as new production was brought online. We expect to hit a hash rate of about 400 PH/s in the next quarter. The improvement in the hash rate is attributed to the C