ABTS

Annual Meeting Announcement: Abits Group Inc will hold its 2025 annual meeting of shareholders on November 21, 2025, in Hong Kong, with a record date for voting set for October 17, 2025.

Proposal Submission Details: Shareholders can submit proposals for consideration by October 20, 2025, either by mail or email to the company's corporate secretary.

Company Background: Abits Group Inc, formed from a merger in 2021, operates bitcoin mining through its subsidiary in Tennessee and is organized in the British Virgin Islands.

Forward-Looking Statements: The announcement includes forward-looking statements regarding the company's future operations and risks, which may affect actual results compared to expectations.

Financial Corrections: Abits Group Inc. announced corrections to its unaudited financial statements for the first half of 2025, specifically regarding the number of authorized and issued shares due to a reverse split, while other financial figures, including losses, remained unchanged.

Financial Performance: The company reported a comprehensive loss of $354,527 for the six months ended June 30, 2025, with total assets increasing to $13.5 million, driven by a loan and changes in digital asset values.

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.