Abits Group Releases H1 2025 Financial Report: Mining Operations Generate $2.138 Million in Profit with 40.27 Bitcoins Produced
On August 14, Abits Group (NASDAQ: ABTS) released its unaudited financial report for the first half of 2025. The report shows that despite the impact of the Bitcoin halving, the company’s mining operations generated a profit of $2.138 million in the first half of the year, representing a year-on-year increase of nearly 6%. During the period, Bitcoin production was 40.27 coins, down from 61.53 coins in the same period last year. However, the negative impact of lower production was partially offset by the rise in the average Bitcoin price to $95,843 and contributions from the Memphis custody business. Due to increased depreciation expenses from new equipment and interest expenses related to Memphis investment loans, the company recorded a pre-tax operating loss of $340,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Three-year remission rate up to 94%! Johnson & Johnson (JNJ.US) Tremfya Crohn's disease study shows positive long-term results
Long-term data from two Phase 3 clinical trials by Johnson & Johnson show that adult Crohn's disease patients treated with Tremfya (guselkumab) achieved a clinical remission rate of up to 94% over three years.
Kroger (KR.US) faces the largest layoffs in 143 years: cutting one-third of positions, more than 3,000 employees to be let go
Kroger has laid off 3,000 employees, accounting for more than one-third of its total workforce, marking the largest layoff in its 143-year history. The resources saved will be redirected towards price reductions and frontline operations.
RBA Minutes: Case for rates to act promptly to keep inflation expectations anchored
Crypto prices
More
