Abits Group Inc. Announces Operational Updates for The Third Quarter Ended September 30, 2024
Abits Group Inc - Ordinary Shares (ABTS)
Company Research
Source: GlobeNewswire
Hong Kong, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a leading data center operator specializing in Bitcoin mining operations in the United States, today announced its operational updates for the third quarter of 2024. Operational Highlights The Company's mining fleet comprises: 1,370 units of S19 Hydro XP (featuring hydro-cooling technology)305 units of S19J Pro300 units of T21500 units of S19 XP (scheduled for deployment by end of October) Key performance metrics for Q3 2024: Weighted average fleet efficiency: 21.19 J/THMaximum hash rate achieved: approximately 430 PHMining output: 19.54 bitcoins (compared to 24.1 bitcoins in Q2, reflecting the impact of April's halving event) Financial Performance Revenue from operations : $1.26 million for Q3Year-to-date revenue from operations: $ 4.93 millionTotal electricity expenditure for Q3: $0.58 million (at $0.0351/kWh) Strategic Developments The Company has implemented several strategic initiatives durin
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- Abits Group to Hold Annual Meeting of Shareholders on December 10, 2024GlobeNewswire
- Abits Group Inc Receives NASDAQ Minimum Bid Price Requirement ExtensionGlobeNewswire