Abits Group (ABTS) has released an update.
Abits Group announced a revenue growth to $3.67 million with 61.5 bitcoins mined, despite a pre-tax loss of $0.14 million, an improvement over the previous $3.5 million loss. The company also invested in infrastructure, including Ant-miner machines and property, but faces a decrease in cash reserves and potential future production challenges due to mining reward halving. Efforts to control costs and secure new contracts are underway to mitigate the anticipated lower output.
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