Financial Services · Financial - Capital Markets
Price
$5.86
Market Cap
$431.9M
Employees
3
Beta
3.82
Avg Volume
1,032,265
CEO
Michael
American Bitcoin Corp (ABTC) operates as a firm focused on strategically accumulating and mining Bitcoin. The company was established through the consolidation of American Data Centers and Hut 8’s mining division. Its core mission is to boost its Bitcoin holdings on a per-share basis, which it achieves through a two-pronged approach: maintaining robust, large-scale mining operations and executing tactical Bitcoin acquisitions when market conditions are favorable. ABTC commenced trading publicly on the Nasdaq exchange in September 2025, an event that occurred after its merger with Gryphon Digital Mining.
Runs with full report
Price Overview
Last updated: Jul 8, 2026 7:17pm (just now)
Current data · timestamped when a report runs
$5.86
Change · Jul 8
-0.66 (-10.12%)
Day Range
$5.76 – $6.27
52-Week Range
$5.76 – $217.80
50-Day MA
$14.50
200-Day MA
$35.46
Volume
4,206,609.00
Analyst Price Targets
Low
$4.00
Consensus
$4.00
High
$4.00
(2 analysts)
Share Structure
Outstanding
73,711,111.00
Float
67,324,780.00
Free Float
91.3%
High free float
— 91.3% of shares trade freely, ~8.7% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-2.30
Stock Price: $5.86
EPS (Diluted): -2.55
EPS (Diluted): -2.55
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.31
Stock Price: $5.86
Total Equity: $665.82M
Shares: 60,338,537
Total Equity: $665.82M
Shares: 60,338,537
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-7.64
Market Cap: $431.95M
Total Debt: $0.00
Cash: $3.82M
EBITDA: -$113.05M
Total Debt: $0.00
Cash: $3.82M
EBITDA: -$113.05M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.7B
Market Cap: $431.95M
Total Debt: $0.00
Cash: $3.82M
Total Debt: $0.00
Cash: $3.82M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
8.31
Stock Price: $5.86
Revenue: $185.16M
Shares: 60,338,537
Revenue: $185.16M
Shares: 60,338,537
EV/Sales (Total value vs revenue — works when P/E can't)
API9.31
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
50.3%
Gross Profit: $93.16M
Revenue: $185.16M
Revenue: $185.16M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-123.1%
Operating Income: -$227.99M
Revenue: $185.16M
Revenue: $185.16M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-82.7%
Net Income: -$153.17M
Revenue: $185.16M
Revenue: $185.16M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-29.7%
Net Income: -$153.17M
Total Equity: $665.82M
Total Equity: $665.82M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-16.0%
Operating Income: -$227.99M
Tax Rate: 10.6%
Equity: $665.82M
Total Debt: $0.00
Cash: $3.82M
Tax Rate: 10.6%
Equity: $665.82M
Total Debt: $0.00
Cash: $3.82M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.08
Current Assets: $8.92M
Current Liabilities: $111.59M
Current Liabilities: $111.59M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $665.82M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $665.82M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$3.07
Revenue: $185.16M
Shares: 60,338,537
Shares: 60,338,537
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$11.03
Total Equity: $665.82M
Shares: 60,338,537
Shares: 60,338,537
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-1.32
Operating CF: -$79.61M
CapEx: $0.00
Shares: 60,338,537
CapEx: $0.00
Shares: 60,338,537
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $5.86
Stock Price: $5.86
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$153.17M
Net Income: -$153.17M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ABTC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 7, 2026 6:18pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $17.6M | $65.7M | $65.0M | $71.5M | $185.2M |
| Cost of Revenue | $12.6M | $42.4M | $43.6M | $39.5M | $92.0M |
| Gross Profit | $5.0M | $23.3M | $21.4M | $32.0M | $93.2M |
| Operating Expenses | $20.9M | $107.7M | $15.1M | -$452.1M | $321.2M |
| Operating Income | -$15.9M | -$84.4M | $6.2M | $484.1M | -$228.0M |
| Net Income | -$31.3M | -$104.2M | $39.6M | $428.9M | -$153.2M |
| EBITDA | -$10.7M | -$67.6M | $44.0M | $519.6M | -$113.0M |
| EPS | $-733,065.00 | $-1.65 | $0.65 | $7.05 | $-2.55 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 7, 2026 6:18pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $13.1M | $7.9M | $923,000 | $0 | $3.8M |
| Total Current Assets | $18.1M | $10.7M | $5.4M | $153.1M | $8.9M |
| Total Assets | $94.5M | $19.5M | $18.9M | $1.1B | $1.2B |
| Current Liabilities | $29.2M | $22.5M | $19.4M | $50.3M | $111.6M |
| Long-Term Debt | $4.1M | $1.4M | $0 | $0 | $0 |
| Total Liabilities | $34.5M | $24.3M | $19.4M | $91.3M | $580.7M |
| Total Equity | $59.9M | -$4.8M | $-574,000 | $1.0B | $665.8M |
| Retained Earnings | -$88.5M | -$167.6M | -$47.2M | $0 | -$52.5M |
Cash Flow (Annual)
Last updated: Jul 7, 2026 6:18pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$8.2M | -$10.9M | $3.0M | -$54.0M | -$79.6M |
| Capital Expenditure | $-39,266 | $-31,881 | -$1.9M | -$35.7M | $0 |
| Free Cash Flow | -$8.2M | -$10.9M | $1.1M | -$89.7M | -$79.6M |
| Acquisitions (net) | -$5.0M | $400,000 | $0 | $0 | $3.5M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$5.3M | $0 | $0 | $0 |
| Net Change in Cash | -$5.3M | -$5.2M | -$7.0M | $-923,000 | $3.8M |
Analyst Estimates (Annual)
Last updated: Jul 8, 2026 7:17pm (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$166.6M $166.6M – $166.6M
|
$313.3M $313.3M – $313.3M
|
$491.4M $491.4M – $491.4M
|
$474.7M $474.7M – $474.7M
|
| EBITDA |
-$18.0M -$18.0M – -$18.0M
|
-$33.9M -$33.9M – -$33.9M
|
-$53.1M -$53.1M – -$53.1M
|
-$51.3M -$51.3M – -$51.3M
|
| Net Income |
-$2.1M -$2.1M – -$2.1M
|
$603,385 $603,385 – $603,385
|
$1.2M $1.2M – $1.2M
|
-$4.2M -$4.2M – -$4.2M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 7, 2026 6:18pm (1d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +272.7% | -1.1% | +10.1% | +158.8% |
| Gross Profit Growth | +364.5% | -8.3% | +49.9% | +190.9% |
| Operating Income Growth | -431.4% | +107.4% | +7,661.8% | -147.1% |
| Net Income Growth | -232.6% | +138.0% | +982.8% | -135.7% |
| EBITDA Growth | -531.0% | +165.1% | +1,080.2% | -121.8% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-22 | Mateen Justin | M-Exempt | 254,778.00 | $0.00 | $0 |
| 2026-06-22 | Mateen Justin | M-Exempt | 254,778.00 | $0.00 | $0 |
| 2026-06-22 | Busch Richard | M-Exempt | 254,778.00 | $0.00 | $0 |
| 2026-06-24 | Busch Richard | J-Other | 254,778.00 | $0.00 | $0 |
| 2026-06-22 | Busch Richard | M-Exempt | 254,778.00 | $0.00 | $0 |
| 2026-06-22 | Broukhim Michael | M-Exempt | 270,701.00 | $0.00 | $0 |
| 2026-06-22 | Broukhim Michael | M-Exempt | 270,701.00 | $0.00 | $0 |
| 2026-06-15 | Busch Richard | P-Purchase | 450,000.00 | $0.87 | $391,500 |
| 2026-03-05 | Busch Richard | P-Purchase | 68,000.00 | $1.15 | $78,200 |
| 2026-03-03 | Mateen Justin | P-Purchase | 1,800,000.00 | $1.03 | $1.9M |
| 2026-03-04 | Busch Richard | P-Purchase | 90,000.00 | $1.15 | $103,500 |
| 2026-03-03 | Busch Richard | P-Purchase | 240,000.00 | $0.96 | $230,400 |
| 2026-02-24 | Mateen Justin | A-Award | 254,778.00 | $0.00 | $0 |
| 2026-02-24 | Prusak Matthew | A-Award | 477,708.00 | $0.00 | $0 |
| 2026-02-24 | Busch Richard | A-Award | 254,778.00 | $0.00 | $0 |
| 2026-02-24 | Broukhim Michael | A-Award | 270,701.00 | $0.00 | $0 |
| 2025-12-30 | Genoot Asher | P-Purchase | 23,199,205.00 | $0.00 | $0 |
| 2025-12-30 | Ho Michael | P-Purchase | 23,199,205.00 | $0.00 | $0 |
| 2025-12-22 | Busch Richard | P-Purchase | 101,000.00 | $1.98 | $199,980 |
| 2025-12-16 | Busch Richard | P-Purchase | 175,000.00 | $1.66 | $290,500 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ABTC — it's generated by the pipeline (
market-narrative step).
No community reviews yet for ABTC.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.392 · 5bda1781 · 2026-07-08 16:12:24