Upcoming Stock Splits This Week (March 10 to March 14) – Stay Invested
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2025
0mins
Source: TipRanks
Upcoming Stock Splits: Several companies, including Mobile-Health Network Solutions, Elevai Labs, and Ohmyhome Limited, are set to execute reverse stock splits between March 10 and March 14 to comply with Nasdaq's minimum bid price requirements.
Purpose of Stock Splits: Companies often perform stock splits to enhance liquidity and make shares more affordable for retail investors, while maintaining their market capitalization.
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Analyst Views on ABTS
About ABTS
Abits Group Inc is a company principally engaged in the bitcoin mining and other business.
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.
Abits Group Inc. Reports Q3 Revenue of $1.61M, Up 27.5%
- Revenue Growth: Abits Group's self-owned mining operation in Duff, Tennessee, reported Q3 revenue of $1.61 million, reflecting a 27.5% year-over-year increase, indicating sustained growth potential in its bitcoin mining business.
- Profitability Improvement: The profit from the self-owned mine surged to $0.76 million from $0.39 million last year, showcasing significant operational efficiency improvements that are expected to enhance the company's financial stability.
- Operating Profit Surge: Operating profit before depreciation and group overheads reached $1.19 million, a remarkable 207.1% increase over the same period last year, demonstrating the company's success in cost control and resource allocation.
- Narrowed Pre-Tax Loss: The pre-tax loss decreased to $0.29 million from $0.66 million in the prior year, reflecting positive progress in restoring profitability and bolstering confidence in future earnings potential.
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Abits Group Reports 27.5% Revenue Growth to $1.61 Million in Q3
- Significant Revenue Growth: Abits Group's self-owned mining operation in Duff, Tennessee, reported total revenue of $1.61 million for Q3, reflecting a 27.5% year-over-year increase, indicating sustained growth potential in its bitcoin mining business.
- Profitability Improvement: The profit from the self-owned mine surged to $0.76 million from $0.39 million in Q3 2024, marking a 95.4% increase, which highlights significant operational efficiency gains.
- Operating Profit Surge: Before accounting for depreciation and group overheads, operating profit reached $1.19 million, a staggering 207.1% increase compared to the previous year, demonstrating successful cost control and resource allocation.
- Narrowed Pre-Tax Loss: The pre-tax loss decreased from $0.66 million in the same period last year to $0.29 million, showcasing positive progress in restoring profitability and enhancing future financial stability.
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