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Business combination (Tables) | 9 Months Ended
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Sep. 30, 2025
Business Combination [Abstract] |
Summary of Purchase Price | # The purchase price is calculated based on the number of shares of the Company’s common stock held by Gryphon shareholders at the Closing multiplied by the closing price of the Company on September 3, 2025, as demonstrated in the table below: #
(in USD thousands, except share and per share data) |  |  |
Class A common stock held by Gryphon shareholders |  |  | 16,893,390 |
ABTC stock price on September 3, 2025 |  | $ | 8.04 |
Purchase price (Class A common stock consideration transferred to Gryphon shareholders) |  | $ | 135,823 |
Summary of Preliminary Purchase Price Allocation of Transaction Consideration to Valuations of Identifiable Assets Acquired and Liabilities Assumed | # The following table summarizes the preliminary purchase price allocation of the transaction consideration to the valuations of the identifiable assets acquired and liabilities assumed as part of the business combination: #
(in USD thousands) |  |  |
Common stock |  | $ | 135,823 |
Cash and cash equivalents |  | $ | 894 |
Prepaid expenses |  |  | 2,095 |
Digital assets |  |  | 86 |
Property and equipment, net |  |  | 2,450 |
Deposits |  |  | 931 |
Total assets acquired |  | $ | 6,456 |
Accounts payable and accrued liabilities |  | $ | 13,401 |
Warrant liability |  |  | 9,011 |
Total liabilities acquired |  | $ | 22,412 |
Net liabilities assumed |  | $ | (15,956 | )
Goodwill |  | $ | 151,779 |
Summary of Unaudited Pro Forma Financial Information | # The following unaudited pro forma financial information presents the combined results of operations of the Company as if the Business Combination with Gryphon had occurred on January 1, 2024, the beginning of the earliest period presented. The pro forma results include adjustments to reflect the acquisition date fair value of assets acquired and liabilities assumed and transaction costs. #
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in USD thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Revenue |  | $ | 65,030 |  |  | $ | 15,299 |  |  | $ | 110,588 |  |  | $ | 72,574 |
Net income (loss) |  |  | 1,011 |  |  |  | (7,097 | ) |  |  | (120,225 | ) |  |  | 176,721 |

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