Abits Group Inc. increases BTC holdings amid financial losses

Abits Group Inc. reported half-year results for the period ended June 30, 2026, showing revenue of $3.20 million, a 20% decrease from the previous year. The company recorded a pre-tax loss of approximately $2.54 million, driven partly by a 48% rise in direct costs. Due to depressed BTC market conditions, Abits Group Inc. increased its self-mined BTC holdings by 54%, reaching 24.67 BTC as of June 30, 2026.

The company's strategic decision to increase its BTC holdings reflects a response to market volatility while managing rising operational costs and declining revenue. The company also completed a financing round of approximately $2.1 million through the issuance of ordinary shares and pre-funded warrants in February 2026 to fund general operations.