In the first quarter of 2025, ABTS experienced a significant reduction in its mining output, producing 18.86 coins, which marks a 50.4% decrease. This drop is directly linked to the halving of mining rewards that occurred in late April 2024. Despite this decline in production, the company managed to achieve a gross profit of $0.82 million, maintaining a robust margin of 46.1%. This was largely due to the increased average market prices of bitcoin during the same period.
In March 2025, ABTS secured a $3 million loan to support the acquisition of 2,850 Antminer S19XP units. These have since been installed at the company's Memphis hosting facility. The revenue from this newly operational site is expected to become evident in the second quarter, potentially enhancing operating results with the contribution from its 12MW power capacity.
