American Bitcoin Corp. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 4, 2026, reporting total assets of $1,423,060 thousand and disclosing key balance sheet changes following its 2025 merger and restructuring transactions.

Key Highlights

  • Total assets of $1,423,060 thousand as of September 30, 2026, up from $1,246,512 thousand at December 31, 2025, according to the filing.
  • Digital assets held in custody totaled $445,149 thousand (non-current) as of September 30, 2026, compared to $229,641 thousand at year-end 2025.
  • Miner purchase liability (current portion) of $290,592 thousand appeared on the September 30, 2026 balance sheet, where no such current amount existed at December 31, 2025.
  • Derivative assets totaled $88,756 thousand (current) and $26,982 thousand (non-current) as of September 30, 2026, versus zero current and $101,179 thousand non-current at December 31, 2025.
  • Shares outstanding as of November 2, 2026: 26,810,553 shares of Class A common stock and 46,011,753 shares of Class B common stock, with no Class C shares outstanding.
  • Cash was $7,409 thousand at September 30, 2026, up from $3,822 thousand at December 31, 2025, the filing stated.
  • Total liabilities were $624,617 thousand at September 30, 2026, compared to $580,693 thousand at December 31, 2025.

American Bitcoin's Balance Sheet Position as of September 30, 2026

American Bitcoin Corp. (NASDAQ:ABTC), a Delaware-incorporated company headquartered in Miami, Florida, filed this 10-Q as a non-accelerated filer and smaller reporting company. The filing covers the quarterly period ended September 30, 2026. The company disclosed that it arose from a series of transactions: on March 31, 2025, Hut 8 Corp. contributed substantially all of its wholly-owned ASIC miners to American Data Centers Inc. (later renamed American Bitcoin Corp.) in exchange for Class B Common Stock representing 80% of total voting power and equity. A subsequent merger with Gryphon Digital Mining, Inc. was consummated on September 3, 2025, after which Gryphon changed its name to American Bitcoin Corp.

According to the filing, total current assets grew to $297,009 thousand at September 30, 2026, from $8,924 thousand at December 31, 2025. This increase was driven largely by the appearance of derivative assets ($88,756 thousand current), digital assets pledged for miner purchase ($198,947 thousand current), and digital assets receivable ($935 thousand). Non-current assets declined to $1,126,051 thousand from $1,237,588 thousand, partly reflecting a reduction in non-current digital assets pledged for miner purchase from $242,936 thousand to $58,827 thousand, offset by growth in digital assets held in custody.

On the liabilities side, the company reported a current miner purchase liability of $290,592 thousand and a non-current miner purchase liability of $81,095 thousand as of September 30, 2026, compared to only a non-current miner purchase liability of $332,153 thousand at year-end 2025. The amount due to Hut 8 stood at $82,843 thousand, up from $73,586 thousand. The filing noted that financial statements for periods prior to the March 31, 2025 transactions were prepared on a carveout basis from Hut 8's consolidated financial statements. The filing contains forward-looking statements, which the company stated are subject to risks and uncertainties described in its cautionary language and risk factors disclosures.

What Was Disclosed

American Bitcoin Corp. reported its unaudited condensed consolidated and combined balance sheet as of September 30, 2026, showing total assets of $1,423,060 thousand, total liabilities of $624,617 thousand, and significant changes in digital asset holdings and miner purchase liabilities compared to December 31, 2025.