American Bitcoin (ABTC) Investor presentation summary

Strategic vision and objectives

• Aims to build America's Bitcoin infrastructure backbone and become a category leader in the Bitcoin ecosystem.

• Focuses on efficient mining, building a significant Bitcoin reserve, and leading the ecosystem through a trusted platform.

• Utilizes a capital-light mining strategy, leveraging high-efficiency ASICs and a partnership with Hut 8 for infrastructure and power.

• Seeks to offer public markets exposure to long-term Bitcoin holdings and maximize market visibility through its brand and network.

Market context and positioning

• Identifies a leadership vacuum and fragmentation in the U.S. Bitcoin market, presenting an opportunity for unified leadership.

• Leverages Hut 8's operational expertise and energy pipeline for rapid, scalable site deployment.

• Capitalizes on a strong American brand and network to achieve significant audience reach and platform visibility.

Layered strategy and operational foundation

• Implements a three-layer strategy: operational mining foundation, Bitcoin accumulation, and ecosystem amplification.

• Achieved a cost of revenue per BTC mined of ~$46.9K in Q4 2025, with SG&A at 9% of revenue, both improving quarter-over-quarter.

• Held 5,401 BTC in reserve at year-end 2025, increasing to 6,235 by February 2026.

• Partnership with Hut 8 provides access to 205 MW from ERCOT Grid and a large-scale mining facility, supporting rapid expansion.