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

6-K - Abits Group Inc (0001864055) (Filer)

6-K - Abits Group Inc (0001864055) (Filer)

6-K - Abits Group Inc (0001864055) (Filer)

6-K - Abits Group Inc (0001864055) (Filer)

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)

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

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

Gainers SMX (Security Matters) (NASDAQ:SMX) stock moved upwards by 29.9% to $0.15 during Thursday's regular session. The market value of their outstanding shares is at $6.0 million. Applied Digital (NASDAQ:APLD) stock rose 16.95% to $6.04. The market value of their outstanding shares is at $827.3 million. MicroCloud Hologram (NASDAQ:HOLO) stock increased by 15.93% to $1.09. The company's market cap stands at $89.7 million. Next Technology Holding (NASDAQ:NXTT) shares rose 15.47% to $5.15. The market value of their outstanding shares is at $35.9 million. Soluna Holdings (NASDAQ:SLNH) shares moved upwards by 14.05% to $5.51. The market value of their outstanding shares is at $21.6 million

Gainers Actelis Networks (NASDAQ:ASNS) shares increased by 861.8% to $4.52 during Wednesday's pre-market session. The company's market cap stands at $15.1 million. Hewlett Packard (NYSE:HPE) shares rose 16.19% to $20.45. The company's market cap stands at $26.5 billion. The company's, Q2 earnings came out yesterday. Zepp Health (NYSE:ZEPP) stock increased by 15.23% to $0.87. The company's market cap stands at $51.9 million. Abits Group (NASDAQ:ABTS) stock increased by 12.64% to $0.71. The company's market cap stands at $25.2 million. CrowdStrike Holdings (NASDAQ:CRWD) shares rose 11.42% to $340.5. The company's market cap stands at $82.8 billion. The company's, Q1 earnings came out yest

Gainers Ostin Technology Group (NASDAQ:OST) stock rose 22.8% to $0.5 during Monday's pre-market session. The company's market cap stands at $7.3 million. Actelis Networks (NASDAQ:ASNS) stock increased by 14.33% to $0.5. The company's market cap stands at $1.6 million. MicroCloud Hologram (NASDAQ:HOLO) stock increased by 13.1% to $1.64. The market value of their outstanding shares is at $9.7 million. Ascent Solar Technologies (NASDAQ:ASTI) shares rose 8.93% to $0.13. The market value of their outstanding shares is at $8.5 million. Quantum (NASDAQ:QMCO) stock rose 8.69% to $0.5. The market value of their outstanding shares is at $47.5 million. Presto Automation (NASDAQ:PRST) stock rose 7

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

Gainers My Size (NASDAQ:MYSZ) stock increased by 12.6% to $0.5 during Monday's after-market session. The company's market cap stands at $2.5 million. Abits Group (NASDAQ:ABTS) stock increased by 6.13% to $0.83. The market value of their outstanding shares is at $29.6 million. Red Cat Hldgs (NASDAQ:RCAT) stock increased by 5.26% to $1.0. The market value of their outstanding shares is at $74.2 million. Taoping (NASDAQ:TAOP) shares rose 4.7% to $0.89. The company's market cap stands at $1.7 million. Evolv Technologies (NASDAQ:EVLV) shares moved upwards by 4.64% to $4.17. The market value of their outstanding shares is at $634.6 million. D-Wave Quantum (NYSE:QBTS) stock rose 3.16% to $1.6