Key Highlights

  • Shares fell 65.00% to USD 0.37 in regular trading on November 3, 2026, a drop of USD 0.6871.
  • On November 3, 2026 the company announced a strategy to pursue AI and high-performance computing hosting at existing U.S. facilities.
  • The company has signed no definitive AI or HPC hosting agreements.
  • Full-year 2025 Revenue rose to USD 9.13 million from USD 6.71 million, while the net loss widened to USD 2.87 million from USD 0.91 million.
  • Combined Bitcoin Mining hash rate was reported at 760 PH/s.

What Moved Abits Group Today (down USD 0.6871, 65.00%)

Abits Group (NASDAQ:ABTS) fell 65.00% to USD 0.37 in regular trading on November 3, 2026, a decline of USD 0.6871 from the Monday November 2, 2026 close of about USD 1.06 (calculated from the screen figures). The screen showed a Market Capitalisation of about USD 3.38 million.

The move came on the same day as a company press release about AI infrastructure. That release was a plan to evaluate, not a financial result or a deal, so it does not obviously explain a drop of this size. The cause of the decline was not confirmed by any company statement identified in the research.

The AI and HPC Hosting Announcement

According to the company press release dated November 3, 2026, Abits intends to pursue AI infrastructure and high-performance computing hosting using its existing U.S. power infrastructure, facilities and operating experience. The aim is to create hosting revenue alongside bitcoin mining, through a Subsidiary called Abit USA.

The company described a phased evaluation covering available power capacity, cooling and connectivity, infrastructure upgrades and potential commercial arrangements. It did not name sites, give megawatt figures, identify customers or partners, or state a budget or timeline, and it said deployments depend on financing being available.

Business Background and Recent Results

Abits Group is a Nasdaq-listed company principally engaged in bitcoin mining and related business. For 2025, revenue rose to USD 9.13 million from USD 6.71 million in 2024, an increase of about 36% (calculated; the company cited 37% growth). The net loss widened to USD 2.87 million from USD 0.91 million.

The company reported expanded mining operations with a combined hash rate of 760 PH/s in its annual results on April 29, 2026, and published unaudited first-half 2026 results on October 15, 2026. Figures from the first-half report were not available in the sources reviewed.

Capital Raising, Filings and Risks

Abits closed a USD 2.1 million registered direct offering on February 24, 2026, priced at market under Nasdaq rules at USD 2.65 per share. In early August the stock was near USD 1.49.

Regulatory records show an F-1 registration statement filed on October 28, 2026, an amendment on October 29, and a notice of effectiveness dated November 2, 2026. The sources reviewed did not describe their purpose, so any link to a share offering is unconfirmed.

With a Market Value near USD 3.4 million and roughly 3.2 million shares outstanding (calculated from the screen), the company is very small. As a penny stock, Abits can be highly volatile and thinly traded, and any new issuance would dilute existing holders.

What to Watch Next

The first item is whether the company explains the November 3 decline, either in a press release or in a filing that describes the F-1 registration. Investors will also look for details of the first-half 2026 results, including cash, mining output and costs. On the AI side, key markers would be a named site, a power figure, a customer agreement and a financing plan.