ABTS

Operating Results for Q1 2025: Abits Group Inc reported a revenue of $1.78 million for the first quarter of fiscal year 2025, a decrease of 17.2% from the previous year, with gross profit at $0.82 million despite a 50.4% drop in mining output due to halving rewards.

Future Prospects: The company secured a $3 million loan to acquire new mining equipment, which is expected to contribute significantly to revenue starting in the second quarter of 2025.

U.S. Stock Market Performance: U.S. stocks rose significantly, with the Nasdaq Composite increasing over 3%, while consumer discretionary shares surged by 4.7%. Fox Corporation reported better-than-expected earnings, boosting investor confidence.

Global Market Trends: European and Asian markets also saw gains, with the eurozone's STOXX 600 up 1% and Japan's Nikkei gaining 0.38%. Meanwhile, commodities showed mixed results, with oil prices rising and gold prices declining.

Sable Offshore Corp. Performance: Sable Offshore Corp. shares increased by 12.6% to $25.90 in pre-market trading despite reporting a net loss of $109.5 million for the first quarter.

Stock Movements: Several stocks saw significant pre-market movements, with Jayud Global Logistics rising 171.2% and Nuvve Holding Corp. dropping 37.7%, reflecting volatility in the market.