Abits Group Inc Reports Unaudited Financial Results for the First Half of 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 13 2025
0mins
Source: Globenewswire
Financial Performance: Abits Group Inc reported a half-year operating profit of $2.138 million for the period ending June 30, 2025, despite a decrease in bitcoin output due to halved mining rewards; however, losses before tax amounted to $0.34 million, influenced by higher depreciation and interest expenses.
Operational Developments: The company's main mining site in Tennessee is now optimized, with significant cost reductions achieved through new water wells, while the Memphis hosting facility is expected to enhance performance in the second half of 2025, contingent on stable bitcoin prices.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
