Abits Group Inc. (ABTS) 10-Year Financial Performance & Capital Metrics

ABTS • • Banking & Credit

Financial ServicesCapital MarketsCryptocurrency Mining & InfrastructureBitcoin Mining Operators

AboutAbits Group Inc., a digital company, engages in the provision of bitcoin mining and related services in the United States. 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 Tsim Sha Tsui, Hong Kong.Show more

Net Interest Income -$32K -68.7%
Total Revenue $7M +299.1%
Net Income -$932K +92.6%
Return on Equity -8.59% +88.0%
Net Interest Margin -0.28% -82.7%
Efficiency Ratio 62.24% -91.1%
ROA -7.87% +88.5%
Equity / Assets 91.29% -0.6%
Book Value per Share 4.38 -8.2%
Tangible BV/Share 4.27
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 82 (top 18%)
✓Well capitalized: 91.3% equity/assets
✓Diversified revenue: 100.0% from non-interest income
✓Trading at only 1.3x book value

✗Weaknesses

✗Weak NIM of -0.3%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y61.35%

5Y78.49%

3Y212.78%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM95.18%

EPS CAGR

10Y-

5Y-

3Y-

TTM95.18%

ROCE

10Y Avg-227.33%

5Y Avg-44.11%

3Y Avg-52.59%

Latest31.12%

Peer Comparison

Bitcoin Mining Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
IRENIREN Limited	17.04B	51.89	133.05	167.65%	17.35%	18.19%	0.53
RIOTRiot Platforms, Inc.	6.16B	16.57	48.74	34.2%	29.05%	4.68%	0.20
HUTHut 8 Corp.	6.19B	57.28	16.85	69.07%	204.38%	8.96%	0.35
BTBTBit Digital, Inc.	747.69M	2.31	11.55	264.59%	17.29%	13.1%	0.03
MARAMarathon Digital Holdings, Inc.	4.03B	10.66	6.20	69.38%	82.46%	17.91%	0.60
CLSKWCleanSpark, Inc.	123.65M	0.43	0.39	102.21%	47.56%	16.76%	0.38
ARBKArgo Blockchain plc	1.51M	4.54	-0.02	-15.95%	-113.58%
ABTCAmerican Bitcoin Corp	328.24M	1.68	-0.66	10.09%	6%	57.62%	0.01

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	1.34K	1.98K	-60.5K	0	0	-55.06K	0	-18.85K	-31.79K
NII Growth %	-1%	-	0.48%	-31.55%	1%	-	-	1%	-	-0.69%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	2.26K	1.4K	2.08K	160	0	0	6.93K	0	0	0
Interest Expense	0	62	102	60.66K	0	0	62K	0	18.85K	31.79K
Loan Loss Provision	1.04M	1.89M	1.11M	629.27K	0	0	-62K	361.49K	436.62K	3.3M
Non-Interest Income+	81.61K	20.08K	90.12K	339.79K	370.41K	946.47K	212.4K	164.43K	1.68M	6.71M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	83.87K	21.48K	92.2K	339.95K	370.41K	946.47K	219.33K	164.43K	1.68M	6.71M
Revenue Growth %	0.49%	-0.74%	3.29%	2.69%	0.09%	1.56%	-0.77%	-0.25%	9.23%	2.99%
Non-Interest Expense	5.44M	8.19M	9.58M	8.19M	900.11K	873.75K	3.09M	20.55M	11.8M	4.18M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-6.4M	-10.06M	-10.6M	-8.54M	-529.69K	72.72K	-2.87M	-19.26M	-11.01M	3.38M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-1.89%	-0.57%	-0.05%	0.19%	0.94%	1.14%	-40.42%	-5.72%	0.43%	1.31%
Pretax Income+	-6.4M	-13.86M	-13.6M	-8.6M	-529.69K	72.72K	-2.74M	-21.52M	-12.59M	-798.29K
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-1.46M	-49.46K	96.51K	4	-830.15K	0	0	0	0	111.37K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-4.94M	-13.81M	-13.69M	-8.6M	300.45K	72.72K	-2.74M	-22.65M	-12.61M	-931.71K
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.03%	-1.8%	0.01%	0.37%	1.03%	-0.76%	-38.68%	-7.27%	0.44%	0.93%
Net Income (Continuing)	-4.94M	-13.81M	-13.69M	-8.6M	300.45K	72.72K	-2.74M	-21.52M	-12.59M	-909.66K
EPS (Diluted)+	-0.25	-12.79	-15.43	-9.57	0.23	0.06	-2.17	-9.56	-5.32	-0.39
EPS Growth %	0.92%	-50.16%	-0.21%	0.38%	1.02%	-0.75%	-39.48%	-3.41%	0.44%	0.93%
EPS (Basic)	-0.25	-12.79	-15.43	-9.57	0.23	0.06	-2.17	-9.56	-5.32	-0.39
Diluted Shares Outstanding	1.33M	1.08M	887.69K	898.1K	1.29M	1.29M	1.26M	2.28M	2.37M	2.37M

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	142.17K	18.49K	303.96K	38.02K	5.25K	1000K	1000K	884.2K	1000K
Cash & Due from Banks	2.4M	142.17K	18.49K	303.96K	38.02K	5.25K	2.51M	2.51M	884.2K	1.12M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	0	0	500K	0	0	0	0	7.09M	0	0
Investments Growth %	-	-	-	-1%	-	-	-	-	-1%	-
Long-Term Investments	0	0	500K	0	0	0	0	7.09M	0	0
Accounts Receivables	0	0	0	0	0	1000K	229.71K	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	498.26K	0	5M	7.09M	1.19M	257.75K
PP&E (Net)	2.94M	1.51M	686.3K	0	0	0	0	12.55M	9.47M	9.44M
Other Assets	6.6M	3.6M	0	0	0	0	0	-7.09M	0	0
Total Current Assets	4.94M	725.75K	174.17K	303.96K	1.24M	2.3M	2.74M	4.89M	1.66M	1.68M
Total Non-Current Assets	9.55M	5.21M	1.19M	0	498.26K	0	5M	19.64M	10.66M	9.69M
Total Assets+	14.48M	5.93M	1.36M	303.96K	1.74M	2.3M	7.74M	24.53M	12.32M	11.37M
Asset Growth %	4.06%	-0.59%	-0.77%	-0.78%	4.73%	0.32%	2.37%	2.17%	-0.5%	-0.08%
Return on Assets (ROA)	-0.57%	-1.35%	-3.75%	-10.33%	0.29%	0.04%	-0.55%	-1.4%	-0.68%	-0.08%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	0	2.55M	2.46M	7.3M	301.58K	359.55K	0	0	0	0
Net Debt	-2.4M	2.41M	2.44M	7M	263.56K	354.3K	-2.51M	-2.51M	-884.2K	-1.12M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	0	2.55M	2.46M	7.3M	301.58K	359.55K	0	0	0	0
Other Liabilities	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities	7.74M	5.94M	4.32M	10.68M	1.4M	1.89M	1.17M	613.46K	1.01M	990.35K
Total Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	7.74M	5.94M	4.32M	10.68M	1.4M	1.89M	1.17M	613.46K	1.01M	990.35K
Total Equity+	6.74M	-10.16K	-2.96M	-10.38M	345.6K	400.77K	6.57M	23.92M	11.31M	10.38M
Equity Growth %	2.47%	-1%	-290.18%	-2.51%	1.03%	0.16%	15.39%	2.64%	-0.53%	-0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-4.59%	-4.11%	-	-	0.87%	0.19%	-0.79%	-1.49%	-0.72%	-0.09%
Book Value per Share	5.06	-0.01	-3.33	-11.55	0.27	0.31	5.20	10.48	4.77	4.38
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	214.67K	64K	67.01K	67.36K	16.19K	16.19K	19.55K	35.55K	35.55K	35.55K
Additional Paid-in Capital	16.35M	0	0	36.48M	40.11M	40.11M	49.31M	89.29M	89.29M	89.29M
Retained Earnings	-9.94M	-24.99M	-38.68M	-47.28M	-40.51M	-40.66M	-43.79M	-65.31M	-77.89M	-78.8M
Accumulated OCI	114.66K	223.37K	180.85K	348.75K	724.43K	931.33K	1.02M	-104.36K	-124.41K	-146.46K
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	5.05K	5.05K	5.05K	5.05K

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-5.24M	-7.5M	-8.61M	-6.15M	-1.18M	-1.73M	-1.1M	-7.32M	1.76M	1.92M
Operating CF Growth %	-1.49%	-0.43%	-0.15%	0.29%	0.81%	-0.47%	0.36%	-5.64%	1.24%	0.09%
Net Income	-4.94M	-13.81M	-13.69M	-8.6M	300.45K	72.72K	-2.74M	-21.52M	-12.59M	-909.66K
Depreciation & Amortization	1.01M	1.88M	1.1M	681.6K	0	0	0	6.26M	4.97M	2.63M
Deferred Taxes	-1.46M	-49.46K	96.51K	0	0	0	0	0	0	0
Other Non-Cash Items	2.05M	7.12M	5.25M	-282.81K	-830.15K	1.46M	1.18M	12.56M	7.36M	0
Working Capital Changes	138.86K	1.11M	826.32K	1.79M	-648.05K	-1.81M	455.57K	-4.62M	2M	200.38K
Cash from Investing+	-3.46M	-525.38K	-68.49K	0	0	0	0	-32.71M	-3.36M	-1.66M
Purchase of Investments	0	0	0	0	0	0	0	-2M	0	0
Sale/Maturity of Investments	0	0	0	0	0	0	0	1000K	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	128	0	0
Other Investing	0	0	0	0	0	0	0	-2M	5.89M	936.4K
Cash from Financing+	9.24M	5.8M	8.46M	6.49M	897.29K	1.13M	3.6M	40M	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Stock Issued	0	2.66M	9.08M	1.01M	400K	1.27M	3.98M	40M	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	1000K	-113.73K	1000K	497.29K	0	-387.48K	0	0	0
Other Financing	9.24M	0	-500K	330K	0	-137.74K	0	0	0	0
Net Change in Cash+	532.16K	-2.23M	-123.68K	281.24K	125.89K	-420.38K	2.49M	-2.12K	-1.62M	234.73K
Exchange Rate Effect	0	0	0	0	0	179.37K	-5.98K	20.28K	-20.05K	-22.05K
Cash at Beginning	1.87M	2.37M	142.17K	18.49K	299.74K	425.63K	19.4K	2.51M	2.51M	884.2K
Cash at End	2.4M	142.17K	18.49K	299.74K	425.63K	5.25K	2.51M	2.51M	884.2K	1.12M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-8.7M	-8.03M	-8.68M	-6.15M	-1.18M	-1.73M	-1.1M	-40.02M	-7.49M	-679.63K
FCF Growth %	-2.73%	0.08%	-0.08%	0.29%	0.81%	-0.47%	0.36%	-35.31%	0.81%	0.91%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-458.66%	-410.51%	-	-	86.94%	19.49%	-78.64%	-148.59%	-71.56%	-8.59%
Return on Assets (ROA)	-56.95%	-135.32%	-375.42%	-1032.84%	29.37%	3.6%	-54.62%	-140.38%	-68.41%	-7.87%
Net Interest Margin	0%	0.02%	0.15%	-19.9%	0%	0%	-0.71%	0%	-0.15%	-0.28%
Efficiency Ratio	6490.78%	38143.8%	10390.28%	2409.05%	243%	92.32%	1406.77%	12500%	701.95%	62.24%
Equity / Assets	46.54%	-0.17%	-217.5%	-3414.02%	19.84%	17.46%	84.88%	97.5%	91.84%	91.29%
Book Value / Share	5.06	-0.01	-3.33	-11.55	0.27	0.31	5.2	10.48	4.77	4.38
NII Growth	-100%	-	48.2%	-3155.4%	100%	-	-	100%	-	-68.66%

Frequently Asked Questions

Growth & Financials

Abits Group Inc. (ABTS) grew revenue by 299.1% over the past year. This is strong growth.

Abits Group Inc. (ABTS) reported a net loss of $0.9M for fiscal year 2024.

Dividend & Returns

Abits Group Inc. (ABTS) has a return on equity (ROE) of -8.6%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Abits Group Inc. (ABTS) has a net interest margin (NIM) of -0.3%. NIM has been under pressure due to interest rate environment.

Abits Group Inc. (ABTS) has an efficiency ratio of 62.2%. This is reasonable for a bank.

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