Streetbeat News

ABTS

Abits Group Inc.

https://www.abitsgroup.com

Industry

Financial - Capital Markets

Abits 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.

Open

0.56

Mkt cap

21M

Volume

101K

High

0.60

P/E Ratio

-2.27

52-wk high

1.60

Low

0.51

Div yield

N/A

52-wk low

0.38

Technology sector shares are rising, driven by market strength and positive sentiment towards NVIDIA and other chip stocks. Vice President Harris's comments at the ABC 2024 Presidential Debate about investing in American technology for AI and quantum computing further boost the sector.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:15 pm

Abits Group reported a Q2 2024 mining output of 24.09 Bitcoins, down from 36.9 Bitcoins in Q1 due to halving. The company achieved a higher hash rate of 360 PH/s with the introduction of hydro cooling and expects to reach 400 PH/s in Q3. Abits Group plans to build a 22MW site on a newly acquired 55-acre property in Wisconsin, expanding to 35MW by Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:40 pm

The article highlights the intraday movements of various Information Technology stocks on Thursday. Notable gainers include SMX, Applied Digital, MicroCloud Hologram, Next Technology Holding, Soluna Holdings, and Himax Techs. On the losing side, QXO, Abits Group, Actelis Networks, CISO Global, Aehr Test Systems, and Quantum experienced declines.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:32 pm

The article highlights significant pre-market movements in the Information Technology sector on Wednesday. Notable gainers include Actelis Networks (NASDAQ:ASNS) with an 861.8% increase, Hewlett Packard (NYSE:HPE) up 16.19% following Q2 earnings, and CrowdStrike Holdings (NASDAQ:CRWD) up 11.42% after Q1 earnings. On the losing side, MicroAlgo (NASDAQ:MLGO) fell by 28.2%, and Sobr Safe (NASDAQ:SOBR) dropped by 24.42%.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 12:06 pm

The article highlights the pre-market movements of various Information Technology stocks on Monday. Notable gainers include Ostin Technology Group (OST), Actelis Networks (ASNS), and MicroCloud Hologram (HOLO). Significant losers include CalAmp (CAMP), Abits Group (ABTS), and Brand Engagement Network (BNAI).

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 12:06 pm

GameStop shares surged 69.1% in pre-market trading after Keith Gill, known as 'Roaring Kitty,' disclosed a substantial position in the company. Other notable pre-market movers include MingZhu Logistics, TRACON Pharmaceuticals, and AMC Entertainment, among others.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 9:35 am

The article highlights the intraday movements of 12 information technology stocks on Tuesday. Notable gainers include Sobr Safe (NASDAQ:SOBR) with a 101.4% increase and AEye (NASDAQ:LIDR) with a 23.13% rise. On the losing side, SMX (NASDAQ:SMX) fell by 17.0% and Signing Day Sports (AMEX:SGN) declined by 13.05%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 4:31 pm

The article highlights the performance of various Information Technology stocks during Thursday's after-market session. Notable gainers include VerifyMe, Iveda Solutions, Auddia, Abits Group, Edgio, and CommScope Holding. On the losing side, Domo, Ascent Solar Technologies, Workday, Intuit, Lantronix, and Akoustis Technologies saw declines.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 8:30 pm

Abits Group (ABTS) experienced significant growth in Bitcoin mining capacity during Q1 2024, with hash rates increasing from ~285 PH/s to nearly 325 PH/s. The company projects further growth in Q2, expecting hash rates to exceed 360 PH/s with the introduction of a new Hydro Dry-Cooled line. Key infrastructure projects were also completed, including a 1 MW facility expansion and a 100,000-gallon water reservoir.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:17 pm

Abits Group has been notified by NASDAQ about not meeting the minimum bid price requirement. The company, listed as ABTS, is now under scrutiny to meet NASDAQ's standards within a given timeframe to avoid delisting. This situation puts pressure on Abits Group to take corrective measures to increase its stock price above the minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:31 pm

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