IPO Year:
Exchange: NASDAQ
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. 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
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. During Q1 2024, Abits Group saw a substantial growth in its Bitcoin mining capacity. The company's hash rates surged from approximately 285 PH/s at the beginning of the quarter to nearly 325 PH/s by its end, driven the successful launch of new production lines. For Q2, Abits Group anticipates further growth, projecting hash rates to exceed 360 PH
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 disclosu
6-K - Abits Group Inc (0001864055) (Filer)
6-K - Abits Group Inc (0001864055) (Filer)
6-K - Abits Group Inc (0001864055) (Filer)
20-F - Abits Group Inc (0001864055) (Filer)
6-K - Abits Group Inc (0001864055) (Filer)
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Shares of GameStop Corp. (NYSE:GME) rose sharply in today's pre-market trading . The rally in the stock came on the back of Keith Gill, also known as "Roaring Kitty," disclosing a substantial position in GameStop on the r/Superstonk Reddit forum. GameStop shares jumped 69.1% to $39.12 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) rose 69.5% to $0.5931 in today's pre-market trading after the company reported an agreement to acquire Oxylus Global. TRACON Pharmaceuticals, Inc. (NASDAQ:TCON) shares gained 31.3% to $1.68 in pre-market trading. On May 14, TRACON Pharmaceuticals
Gainers Sobr Safe (NASDAQ:SOBR) shares rose 101.4% to $0.45 during Tuesday's regular session. The market value of their outstanding shares is at $9.0 million. AEye (NASDAQ:LIDR) shares moved upwards by 23.13% to $4.29. The market value of their outstanding shares is at $28.4 million. Neonode (NASDAQ:NEON) shares increased by 22.95% to $3.0. The company's market cap stands at $46.0 million. Oblong (NASDAQ:OBLG) shares moved upwards by 22.78% to $0.22. The market value of their outstanding shares is at $4.3 million. Cerence (NASDAQ:CRNC) shares rose 16.35% to $3.73. The market value of their outstanding shares is at $156.0 million. SilverSun Technologies (NASDAQ:SSNT) stock rose 15.69% t
Gainers VerifyMe (NASDAQ:VRME) shares moved upwards by 17.4% to $1.75 during Thursday's after-market session. The market value of their outstanding shares is at $17.8 million. Iveda Solutions (NASDAQ:IVDA) shares rose 8.77% to $0.73. The company's market cap stands at $11.7 million. As per the press release, Q1 earnings came out 3 days ago. Auddia (NASDAQ:AUUD) stock increased by 8.29% to $1.57. The company's market cap stands at $4.3 million. Abits Group (NASDAQ:ABTS) stock rose 5.0% to $0.7. The market value of their outstanding shares is at $24.7 million. Edgio (NASDAQ:EGIO) stock moved upwards by 4.94% to $9.77. The market value of their outstanding shares is at $57.2 million. Comm
During Q1 2024, Abits Group saw a substantial growth in its Bitcoin mining capacity. The company's hash rates surged from approximately 285 PH/s at the beginning of the quarter to nearly 325 PH/s by its end, driven the successful launch of new production lines. For Q2, Abits Group anticipates further growth, projecting hash rates to exceed 360 PH/s with the introduction of a new Hydro Dry-Cooled line.In addition to operational accomplishments, Abits Group completed key infrastructure projects in Q1, including the expansion of a 1 MW facility in March and the construction of a 100,000-gallon water reservoir to enhance production stability. This strategic investment ensures uninterrupted opera
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