Abits Group Inc. announced its full year 2024 financial results, reporting total revenue of US$6.71 million. This represents a significant increase of 299% compared to the US$1.68 million reported in fiscal year 2023.
The company also reported a net loss of US$0.38 per share for the full year 2024. This marks a substantial improvement from the US$5.31 loss per share recorded in fiscal year 2023.
This strong revenue growth indicates successful execution of the company's strategic pivot to Bitcoin mining and related services. The considerable reduction in net losses demonstrates improved operational efficiency and cost management throughout the year.
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