New York, May 22, 2026, 15:03 EDT
- ABTS traded at $0.8602 in afternoon Nasdaq dealing, up 0.93%, but still close to its 52-week low of $0.8151.
- Volume was light before the Memorial Day long weekend, with Robinhood data showing 26,290 shares traded versus an average of 73,140.
- Abits’ 2025 revenue rose to $9.13 million, though the company posted a $2.87 million after-tax loss.
Abits Group Inc shares edged higher on Friday, but the Nasdaq-listed bitcoin miner remained below $1 and near its 52-week low, keeping the focus on listing-risk optics, thin liquidity and the company’s latest annual numbers.
ABTS traded at $0.8602, up 0.93%, at 2:37 p.m. EDT, Investing.com data showed. The stock moved between $0.8550 and $0.9050 during the session; its 52-week range runs from $0.8151 to $10.8554.
That matters now because the trade came just before a long U.S. market weekend. Nasdaq’s 2026 holiday schedule shows the exchange will be closed Monday, May 25, for Memorial Day, and light pre-holiday trading can leave small-cap stocks more exposed to sharp moves.
The $1 level is also hard to ignore. Nasdaq rules treat a minimum-bid-price failure as a continued listing issue if it persists for 30 consecutive business days, while Abits disclosed last year that it had used a one-for-15 reverse split — a share consolidation meant to lift the per-share price — and regained bid-price compliance in March 2025.
Abits is a British Virgin Islands holding company whose revenue-generating operations are principally in the United States through bitcoin mining subsidiaries, its annual report said. Bitcoin mining is the use of computing power to validate bitcoin transactions and receive bitcoin rewards.
The April 29 annual report showed revenue of $9.13 million for 2025, up from $6.71 million a year earlier. Profit from operations was $3.68 million, but depreciation, miner write-offs and other costs pushed the company to a $2.87 million after-tax loss.
Cash was thin at year-end: $83,837, down from $1.12 million a year earlier. Digital assets rose to $1.48 million from $257,753, while shareholders’ equity fell to $7.78 million from $10.38 million.
Abits said in its April release that it mined 89.09 bitcoin in 2025 and held 15.99 bitcoin at year-end. The company also said its Tennessee operations reached about 760 PH/s of total hash power as of April 6; PH/s means petahashes per second, a measure of mining computing speed. Chief Executive Conglin Deng called 2025 a “milestone year” and said the company had its “strongest operational foundation to date.”
The competitive gap is still wide. CleanSpark, a larger bitcoin-mining peer, said it produced 640 bitcoin in April alone and had 50.0 EH/s of operational hashrate, equal to about 50,000 PH/s. CleanSpark CEO Matt Schultz said the bigger prize was “what this infrastructure unlocks beyond mining,” a nod to miners trying to use power and data-center assets for artificial intelligence work. CleanSpark
But the risk case is plain. Abits warned that its results are expected to vary with bitcoin price swings, and that mining costs could outpace mining revenue; it also cited liquidity and cash-flow risks. Its February offering documents separately warned that thin trading, future share sales and failure to meet Nasdaq listing standards could weigh on the stock.
For the week ahead, the calendar starts slowly because Nasdaq is shut Monday and reopens Tuesday. After that, ABTS traders will likely be watching bitcoin prices, any new SEC 6-K filing, and whether the stock can move back toward the $1 level with more than pre-holiday volume behind it.
