Abits Group Inc. (NASDAQ:ABTS) shares surged 48.65% to $1.65 in after-hours trading on Wednesday after the Bitcoin (CRYPTO: BTC) miner reported 37% revenue growth in its fiscal year 2025 results.
The data reported results for the period ended Dec. 31.
Revenue Growth And Margin Expansion
Abits Group’s revenue climbed 37% to $9.13 million in fiscal year 2025, up from $6.71 million in fiscal year 2024.
The company’s gross profit came in at $3.68 million, reflecting a gross margin of about 40%. Total assets were reported at $10.91 million, while shareholders’ equity stood at $7.78 million.
CEO Conglin (Forrest) Deng called 2025 “a milestone year,” citing the successful Memphis facility launch and a near doubling of hash rate capacity, despite the April 2024 halving cutting bitcoin mining rewards.
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