Abits (US:ABTS)2025-08-13 13:05Revenue and Income - Total revenue for the six months ended June 30, 2025, was $3,995,558, representing an increase of 8.9% compared to $3,669,627 for the same period in 2024[3] - The company began providing hosting services to third parties, generating $135,889 in hosting income during the first half of 2025[11] Loss and Deficit - The company reported a comprehensive loss of $354,527 for the six months ended June 30, 2025, compared to a loss of $31,346 for the same period in 2024[3] - The accumulated deficit grew to $(79,158,170) as of June 30, 2025, from $(78,803,383) as of December 31, 2024[2] Assets and Liabilities - The total assets increased to $13,496,630 as of June 30, 2025, up from $11,371,297 as of December 31, 2024, reflecting a growth of 18.6%[2] - Total liabilities increased to $3,470,206 as of June 30, 2025, compared to $990,346 as of December 31, 2024, reflecting a substantial rise[2] Digital Assets - Digital assets value surged to $1,964,090 as of June 30, 2025, compared to $257,753 as of December 31, 2024, indicating a significant increase[2] Cash Flow - Cash and cash equivalents decreased to $145,143 as of June 30, 2025, down from $1,118,929 at the beginning of the period, marking a decline of 87.0%[6] Production - The output of bitcoins during the first half of 2025 was 40.27 coins, a decrease from 61.53 coins in the first half of 2024[11] Interest Expense - The company incurred an interest expense of $90,000 for the period, following a loan of $3 million taken in March 2025[10]