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0.00217294900221715 -0.00886917960088692 0.00665188470066505 0.00181818181818172 -0.00851441241685149 0 -0.0133037694013305 -0.0243902439024391
Stock impact report

American Bitcoin: A High-Flying Mining Story With A Valuation That's Running Out Of Road [Seeking Alpha]

American Bitcoin Corp. - Class A (ABTC) 
Company Research Source: Seeking Alpha
Revenue and adjusted EBITDA rose sharply as upgraded S21+ miners increased uptime and production. Despite operational momentum, the company's Bitcoin reserve and cash total far less than its liabilities. The stock trades at a large premium to its net asset value, leaving little margin for error. Until the company proves it can scale toward 50 EH/s while managing obligations, the risk-reward remains balanced. 24K-Production/iStock Editorial via Getty Images Investment Thesis I assign American Bitcoin Corp. (NASDAQ: ABTC ) a hold rating because, although the company has strengthening operational momentum, the stock price is already way ahead of its current net asset value. This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compens Show less Read more
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