American Bitcoin Corporation

American Bitcoin Corp., (NASDAQ: ABTC) formerly Gryphon Digital Mining, Inc., is a Bitcoin accumulation company. The Company's operations include bitcoin mining sites, bitcoin mining pools, and protection of bitcoin assets. The Company operates Bitcoin Miners at four sites under Master Colocation Services Agreement (MCSA): Alpha (Niagara Falls, NY); Salt Creek (Orla, TX); Medicine Hat (Medicine Hat, AB), and Vega (Texas Panhandle).

Key Business and Financial Updates:

• Strategic Market Entry and Nasdaq Listing: American Bitcoin Corp. (NASDAQ: ABTC) marked a significant milestone with its successful Nasdaq debut following a merger with Gryphon Digital Mining. The company positions itself as a pure-play Bitcoin accumulation platform, focused on scaling America’s Bitcoin infrastructure through a dual strategy of self-mining and opportunistic Bitcoin purchases. Leadership emphasized that this structure enables Bitcoin-per-share growth at a structural cost advantage, leveraging partnerships, notably with Hut 8 Corp., for infrastructure and operational efficiency. The listing also symbolized a broader mission to integrate Bitcoin more deeply into U.S. capital markets, reflecting the firm’s vision of national leadership in the Bitcoin economy.
• Massive Mining Expansion and Operational Efficiency: In September 2025, ABTC announced a 2.4x expansion of its mining capacity, increasing total installed hashrate from ~10 EH/s to ~24 EH/s across ~16,300 ASIC servers. This expansion strengthened ABTC’s ability to mine Bitcoin at roughly half the market cost, reinforcing its low-cost production model. The company’s high-performance mining infrastructure — featuring direct-to-chip liquid cooling and deployments at the 205 MW Vega Data Center operated by Hut 8 — highlights its focus on energy efficiency and operational scalability. The move positions ABTC to accumulate Bitcoin at a discount, supporting its long-term goal of maximizing Bitcoin-per-share growth.
• Corporate Governance and Financial Oversight Strengthening: On September 19, 2025, American Bitcoin appointed KPMG LLP as its new independent auditor, replacing RBSM LLP. The appointment, approved by the Audit Committee, enhances transparency and strengthens corporate governance as ABTC scales as a newly public company. The move underscores management’s commitment to maintaining robust financial oversight and compliance, aligning the company’s reporting framework with best-in-class public company standards as it enters its first full fiscal year as a Nasdaq-listed entity.
• Strategic Backing and Shareholder Alignment: Dominari Holdings Inc. (NASDAQ: DOMH) emerged as a major strategic stakeholder, holding approximately 23.2 million ABTC shares valued at around USD 171 million at the time of listing. Dominari’s management expressed confidence in ABTC’s growth trajectory and affirmed continued support for its expansion strategy. This strong institutional backing reflects market confidence in ABTC’s differentiated business model and its execution capability in scaling U.S.-based Bitcoin mining and accumulation operations. With solid operational momentum, governance enhancements, and institutional support, ABTC appears well-positioned to consolidate its role as a leading Bitcoin accumulation and infrastructure enterprise.

Technical Observation (on the daily chart):

• Trend Overview and Moving Averages Analysis: ABTC is trading around USD 4.74, below its 50-day MA (USD 6.88) but near its 200-day MA (USD 4.07), signaling short-term weakness. The recent decline below the short-term average reflects fading momentum, though proximity to long-term support suggests a potential stabilization zone.
• Momentum Indicators and Market Strength: The RSI (14) at 30.06 indicates an oversold condition, hinting at reduced downside potential. While momentum has weakened, such levels often precede short-term rebounds if buying interest re-emerges.
• Technical Outlook and Key Levels: Key support lies near USD 4.00, with resistance around USD 6.50–7.00. The near-term outlook remains cautiously bearish, but oversold signals and strong support could trigger a technical recovery if the stock holds above its 200-day average.  

American Bitcoin Corp. (NASDAQ: ABTC) demonstrates strong potential as a growing Bitcoin accumulation and infrastructure platform, supported by its recent Nasdaq listing, large-scale mining expansion, and strengthened corporate governance. The company’s 2.4x increase in hashrate to ~24 EH/s positions it to mine Bitcoin at nearly half the market cost, ensuring a structural cost advantage. Backed by Hut 8’s energy-efficient infrastructure and major institutional support from Dominari Holdings, ABTC is strategically advancing its mission to make America a leader in Bitcoin production. Although trading slightly below key moving averages, the stock’s oversold RSI level and proximity to long-term support suggest potential for stabilization and recovery, making it an attractive investment seeking exposure to the cryptocurrency sector. 

As per the above-mentioned price action, important support near USD 4.00-USD 4.40, momentum in the stock over the last month, and technical indicators analysis, a ‘Speculative Buy’ rating has been given for American Bitcoin Corp., (NASDAQ: ABTC) at the closing price of USD 4.74, as of October 17, 2025. 

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Related Risk: This report may be looked at from a high-risk perspective, and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is October 17, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.