Abits Group Inc (ABTS)

Hong Kong-based cryptocurrency miner and digital platform operator. Abits Group straddles two businesses: bitcoin mining operations in the United States and support services for the Games Channel within China’s Xinhua News App ecosystem. The company rebranded to Abits in November 2023 after operating under the Moxian name since its 2021 incorporation.

Mining and Platform Services

The company’s primary revenue stream comes from bitcoin mining infrastructure deployed stateside. This capital-intensive operation runs in parallel with the digital services side—the Games Channel provides user engagement features within the Xinhua App, a major Chinese news and information platform. Operational structure reflects a dual-revenue model where cryptocurrency mining provides volatility-dependent income, while Games Channel support offers steadier service-based fees. CEO Conglin Deng oversees both operations from Causeway Bay headquarters.

Market Status

Listed on NASDAQ under ABTS, the company carries SEC CIK 1864055 and holds public-company disclosure obligations in the United States despite Hong Kong incorporation. Classified within the Financials sector’s Capital Markets segment, the company’s actual operations—mining hardware and software services—sit outside traditional banking or investment activity. This classification mismatch reflects the early-stage taxonomy for crypto-adjacent firms on major US exchanges.

At a Glance

Headquarters: Causeway Bay, Hong Kong
Operations: Bitcoin mining (US-based); Games Channel services (Xinhua platform)
Founded: 2021 as Moxian BVI Inc
Rebranded: November 2023 to Abits Group Inc
Exchange: NASDAQ
Ticker: ABTS
SEC CIK: 1864055
CEO: Conglin Deng
Sector Classification: Financials / Capital Markets