ABTS Chart
About

Abits Group Inc., through its subsidiary, operates in the bitcoin mining business in the United States. It also provides in-house support services. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Causeway Bay, Hong Kong.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Capital Markets Market Cap 9.20M
Enterprise Value 9.06M Income -875.97K Sales 7.38M
Book/sh 4.10 Cash/sh 0.04 Dividend Yield
Payout 0.00% Employees 11 IPO
P/E Forward P/E PEG
P/S 1.25 P/B 0.71 P/C
EV/EBITDA 5.81 EV/Sales 1.23 Quick Ratio 0.18
Current Ratio 0.18 Debt/Eq 23.13 LT Debt/Eq
EPS (ttm) -0.52 EPS next Y EPS Growth
Revenue Growth 6.00% Earnings ROA -8.13%
ROE -8.71% ROIC Gross Margin 52.33%
Oper. Margin -39.51% Profit Margin -11.86% Shs Outstand 3.16M
Shs Float 1.70M Short Float 1.79% Short Ratio 4.47
Short Interest 52W High 10.86 52W Low 1.35
Beta Avg Volume 702.10K Volume 19.48K
Target Price Recom None Prev Close $2.82
Price $2.91 Change 3.19%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
Mean price target
2. Current target
$2.91
Latest analyst target
3. DCF / Fair value
Simplified FCF or EPS-based estimate
Ratings
Current target
$2.91
Low
High
Mean
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems5.75K0.000.000.00
TaxRateForCalcs0.170.000.000.00
NormalizedEBITDA1.83M-2.98M-14.66M-2.87M
TotalUnusualItems34.83K-4.61M-593.06K0.00
TotalUnusualItemsExcludingGoodwill34.83K-4.61M-593.06K0.00
NetIncomeFromContinuingOperationNetMinorityInterest-909.66K-12.59M-21.52M-2.74M
ReconciledDepreciation2.63M4.97M6.26M0.00
ReconciledCostOfRevenue3.34M455.47K361.49K0.00
EBITDA1.86M-7.59M-15.26M-2.87M
EBIT-766.50K-12.57M-21.52M-2.87M
NetInterestIncome-31.79K-18.85K0.00-55.06K
InterestExpense31.79K18.85K0.0062.00K
InterestIncome6.93K
NormalizedIncome-938.74K-7.97M-20.93M-2.74M
NetIncomeFromContinuingAndDiscontinuedOperation-909.66K-12.59M-21.52M-2.74M
TotalExpenses7.51M9.63M21.09M3.09M
TotalOperatingIncomeAsReported3.38M1.23M-197.06K-2.87M
DilutedAverageShares2.37M2.37M2.37M1.26M
BasicAverageShares2.37M2.37M2.37M1.26M
DilutedEPS-0.39-5.32-9.56-2.17
BasicEPS-0.39-5.32-9.56-2.17
DilutedNIAvailtoComStockholders-931.71K-12.61M-22.65M-2.74M
NetIncomeCommonStockholders-931.71K-12.61M-22.65M-2.74M
NetIncome-931.71K-12.61M-22.65M-2.74M
NetIncomeIncludingNoncontrollingInterests-931.71K-12.61M-22.65M-2.74M
NetIncomeFromTaxLossCarryforward-22.05K-20.05K-1.13M
NetIncomeContinuousOperations-909.66K-12.59M-21.52M-2.74M
TaxProvision111.37K0.000.00
PretaxIncome-798.29K-12.59M-21.52M-2.74M
OtherIncomeExpense34.83K-4.61M-593.06K126.29K
OtherNonOperatingIncomeExpenses126.29K
SpecialIncomeCharges34.83K-4.61M-593.06K0.00
GainOnSaleOfPPE34.83K-83.12K0.00
GainOnSaleOfBusiness0.00-617.64K0.00
WriteOff7.36M1.08M0.00
ImpairmentOfCapitalAssets4.53M593.06K
NetNonOperatingInterestIncomeExpense-31.79K-18.85K0.00-55.06K
InterestExpenseNonOperating31.79K18.85K0.0062.00K
InterestIncomeNonOperating6.93K
OperatingIncome-801.33K-7.95M-20.93M-2.87M
OperatingExpense4.18M9.18M20.73M3.09M
OtherOperatingExpenses-535.12K7.27M11.97M1.90M
ProvisionForDoubtfulAccounts0.001.18M
DepreciationAmortizationDepletionIncomeStatement2.63M436.45K6.26M
DepreciationAndAmortizationInIncomeStatement2.63M436.45K6.26M
DepreciationIncomeStatement2.63M436.45K6.26M
SellingGeneralAndAdministration2.09M1.47M2.50M0.00
GeneralAndAdministrativeExpense2.09M1.47M2.50M
OtherGandA2.09M1.47M2.50M
GrossProfit3.38M1.23M-197.06K219.33K
CostOfRevenue3.34M455.47K361.49K0.00
TotalRevenue6.71M1.68M164.43K219.33K
OperatingRevenue6.71M1.68M164.43K219.33K
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber2.37M2.37M2.37M1.30M
ShareIssued2.37M2.37M2.37M1.30M
TangibleBookValue10.12M10.11M16.83M1.56M
InvestedCapital10.38M11.31M23.91M6.56M
WorkingCapital687.29K652.94K4.28M1.57M
NetTangibleAssets10.12M10.12M16.83M1.57M
CommonStockEquity10.38M11.31M23.91M6.56M
PreferredStockEquity5.05K5.05K5.05K5.05K
TotalCapitalization10.38M11.31M23.92M6.57M
TotalEquityGrossMinorityInterest10.38M11.31M23.92M6.57M
StockholdersEquity10.38M11.31M23.92M6.57M
GainsLossesNotAffectingRetainedEarnings-146.46K-124.41K-104.36K1.02M
OtherEquityAdjustments-146.46K-124.41K-104.36K1.02M
RetainedEarnings-78.80M-77.89M-65.31M-43.79M
AdditionalPaidInCapital89.29M89.29M89.29M49.31M
CapitalStock40.60K40.60K40.60K24.60K
CommonStock35.55K35.55K35.55K19.55K
PreferredStock5.05K5.05K5.05K5.05K
TotalLiabilitiesNetMinorityInterest990.35K1.01M613.46K1.17M
TotalNonCurrentLiabilitiesNetMinorityInterest0.000.000.000.00
CurrentLiabilities990.35K1.01M613.46K1.17M
PensionandOtherPostRetirementBenefitPlansCurrent57.02K
PayablesAndAccruedExpenses990.35K1.01M613.46K1.17M
CurrentAccruedExpenses525.06K328.50K
Payables465.29K784.58K
OtherPayable465.29K735.33K
DuetoRelatedPartiesCurrent49.25K
TotalAssets11.37M12.32M24.53M7.74M
TotalNonCurrentAssets9.69M10.66M19.64M5.00M
OtherNonCurrentAssets5.00M
GoodwillAndOtherIntangibleAssets257.75K1.19M7.09M5.00M
OtherIntangibleAssets257.75K1.19M7.09M5.00M
NetPPE9.44M9.47M12.55M0.00
AccumulatedDepreciation-13.87M-11.24M-6.26M
GrossPPE23.30M20.70M12.55M0.00
OtherProperties18.89M17.20M12.55M
MachineryFurnitureEquipment2.52M2.29M133.31K
LandAndImprovements1.90M1.21M
Properties0.000.000.00
CurrentAssets1.68M1.66M4.89M2.74M
PrepaidAssets558.71K774.35K
Receivables774.35K2.38M229.71K
OtherReceivables774.35K2.38M
AccountsReceivable0.00229.71K
AllowanceForDoubtfulAccountsReceivable-1.18M
GrossAccountsReceivable1.41M
CashCashEquivalentsAndShortTermInvestments1.12M884.20K2.51M2.51M
CashAndCashEquivalents1.12M884.20K2.51M2.51M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-679.62K-7.49M-40.02M-1.10M
RepaymentOfDebt0.00-387.48K
IssuanceOfCapitalStock0.0040.00M3.98M
CapitalExpenditure-2.60M-9.25M-32.71M
EndCashPosition1.12M884.20K2.51M2.51M
BeginningCashPosition884.20K2.51M2.51M19.40K
EffectOfExchangeRateChanges-22.05K-20.05K20.28K-5.98K
ChangesInCash256.78K-1.60M-22.40K2.49M
FinancingCashFlow0.000.0040.00M3.60M
CashFlowFromContinuingFinancingActivities0.0040.00M3.60M
NetOtherFinancingCharges-387.48K
NetCommonStockIssuance0.0040.00M3.98M
CommonStockIssuance0.0040.00M3.98M
NetIssuancePaymentsOfDebt0.00-387.48K
NetShortTermDebtIssuance0.00-387.48K
ShortTermDebtPayments0.00-387.48K
InvestingCashFlow-1.66M-3.36M-32.71M0.00
CashFlowFromContinuingInvestingActivities-1.66M-3.36M-32.71M0.00
NetBusinessPurchaseAndSale0.00128.000.00
SaleOfBusiness0.00128.000.00
NetIntangiblesPurchaseAndSale936.40K5.89M-2.00M0.00
PurchaseOfIntangibles-2.00M0.00
NetPPEPurchaseAndSale-2.60M-9.25M-30.71M0.00
PurchaseOfPPE-2.60M-9.25M-30.71M0.00
OperatingCashFlow1.92M1.76M-7.32M-1.10M
CashFlowFromContinuingOperatingActivities1.92M1.76M-7.32M-1.10M
ChangeInWorkingCapital200.38K2.00M-4.62M455.57K
ChangeInOtherCurrentAssets-164.43K0.00
ChangeInPayablesAndAccruedExpense-15.26K-397.51K-585.48K502.40K
ChangeInPayable-15.26K-397.51K-585.48K502.40K
ChangeInReceivables215.64K2.40M-3.87M-46.83K
ProvisionandWriteOffofAssets7.36M11.89M1.18M
AssetImpairmentCharge0.000.0076.68K0.00
DepreciationAmortizationDepletion2.63M4.97M6.26M0.00
DepreciationAndAmortization2.63M4.97M6.26M0.00
Depreciation2.63M4.97M6.26M0.00
OperatingGainsLosses593.06K
GainLossOnSaleOfBusiness0.00593.06K0.00
NetIncomeFromContinuingOperations-909.66K-12.59M-21.52M-2.74M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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