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Abits Group Inc. has announced a strategic initiative to evaluate its existing U.S. facilities for potential expansion into artificial intelligence (AI) and high-performance computing (HPC) hosting services.
U.S. stocks mixed: Dow fell, while Nasdaq and S&P rose. Apple dropped despite strong earnings; oil, silver and copper declined.
Abits Group Inc (NASDAQ: ABTS) reported H1 2026 revenue of $3.20 million, down 20% year-over-year, primarily due to a 23% decline in Bitcoin output at the Duff site and significant BTC market downturn. The company posted a pre-tax loss of $2.54 million compared to $0.34 million loss in H1 2025. However, the newly operational Memphis site contributed 15.58 BTC and $1.2 million in revenue. The company secured $14 million in convertible note financing and appointed new leadership including CEO Stephen Faucetta.
Alaunos rose 21.8% after adopting amended bylaws; Cheetah Net led gainers, while Xenon dropped 27.6% after pausing study enrollment.
Gainers Quantum (NASDAQ:QMCO) shares rose 15.4% to $13.6 during Tuesday's pre-market session. The market value of their outstanding shares is at $463.8 million. As per the news, the Q1 earnings report came out