Abits Group Business Summary

Abits Group Inc (ABTS) is a specialized digital asset infrastructure company primarily engaged in Bitcoin self-mining and colocation hosting services. The company generates revenue through two core streams: the accumulation of block rewards and transaction fees from its proprietary mining operations, and recurring service fees from third-party clients utilizing its data center capacity. Operating through its U.S. subsidiary, Abit USA, Inc., the firm maintains key facilities in Tennessee, including sites in Duff and a recently expanded 10MW hosting facility in Memphis that effectively doubled its total power capacity to 22MW. In the competitive landscape of small-cap crypto miners, Abits Group competes directly with firms such as BTC Digital (BTCT), Infobird (IFBD), and Hallmark Venture Group (HLLK), positioning itself as a high-growth, U.S.-centric operator focused on optimizing hash rate efficiency through next-generation hardware like the Antminer S19XP and T21 series. The company is led by Chief Executive Officer Conglin (Forrest) Deng, who has spearheaded the firm’s strategic pivot into digital assets since his appointment in September 2021. The financial division is headed by CFO Kai Zhang, an experienced securities analyst who assumed the role on January 1, 2026, following the retirement of long-serving executive Wanhong Tan. Operational execution is managed by Philip J. Hicks, General Manager of North American operations, whose pedigree includes over 20 years of infrastructure experience at Griid Infrastructure and Bitmain/Bitdeer. The leadership is supported by a board of directors that includes Tao Xu and Lionel Choong Khuat Leok, with significant insider backing from major shareholder James Mengdong Tan and institutional participation from firms such as Citadel Advisors and UBS Group AG.