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Akerna (KERN) investor relations material
Akerna Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates approximately 5,880 Bitcoin mining computers hosted in Pennsylvania, generating revenue based on Bitcoin price, mining difficulty, transaction volume, and global hashrate.
Founded in October 2020, commenced mining operations in September 2021, and is based in Las Vegas, Nevada.
Entered into a merger agreement to acquire American Bitcoin Corp. in a stock-for-stock transaction, expected to close in Q3 2025, resulting in a combined company under the American Bitcoin name.
American Bitcoin pursues a levered strategy focused on efficient mining, reserve expansion, and ecosystem engagement.
Financial performance and metrics
Financial statements for both entities and pro forma combined financials are included as exhibits to the registration statement.
Use of proceeds and capital allocation
Net proceeds from securities sales are expected to be used to acquire additional bitcoin, purchase mining hardware, and for general corporate purposes.
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