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MIAMI - American Bitcoin Corp. (NASDAQ:ABTC), a Bitcoin accumulation platform currently trading at $6.99 with a "GOOD" financial health rating according to InvestingPro, has appointed KPMG LLP as its independent auditors effective September 19, 2025, according to a press release statement issued Thursday.
The company’s Audit Committee of the Board of Directors approved KPMG to serve as the independent public registered accounting firm for the year ending December 31, 2025. KPMG replaces RBSM LLP, which previously served as the company’s auditor.
American Bitcoin, which describes itself as focused on building America’s Bitcoin infrastructure backbone, is a majority-owned subsidiary of Hut 8 Corp. The company operates a business model that combines self-mining operations with accumulation strategies.
Additional information regarding the auditor change has been filed with the Securities and Exchange Commission in a Current Report on Form 8-K.
The company’s shares trade on the Nasdaq under the ticker symbol ABTC.
In other recent news, American Bitcoin Corp. has significantly expanded its Bitcoin mining operations, increasing its installed hashrate from 10 exahash per second to 24 exahash per second. This expansion was achieved through the acquisition and energization of approximately 14 exahash per second across about 16,300 ASIC servers. Additionally, American Bitcoin Corp. has launched a $2.1 billion at-the-market equity program, allowing the company to offer and sell its Class A common stock through various financial institutions. Meanwhile, Gryphon Digital Mining has updated its merger information with American Bitcoin Corp., providing further details about the pending merger agreement initially disclosed in May 2025.
AlphaTON Capital Corp., formerly known as Portage Biotech Inc., is undergoing a transformation into a digital asset treasury company. The company plans to acquire approximately $100 million in TON tokens, aiming to focus on Telegram’s ecosystem. AlphaTON Capital has appointed Brittany Kaiser as its new CEO and board member, bringing her expertise in digital assets and data protection to the company. The rebranded company will begin trading under the new ticker symbol NASDAQ:ATON. These developments highlight ongoing strategic moves by both American Bitcoin Corp. and AlphaTON Capital Corp.
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