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Business combination (Tables)

9 Months Ended

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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Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations.

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