Hong Kong, Jan. 06, 2025 — Abits Group Inc. (NASDAQ: ABTS), a U.S. digital data center operator specializing in Bitcoin self-mining, announced a substantial operational expansion. A new 10MW hosting facility in Memphis, Tennessee, doubles its mining capacity.

The company deployed 400 Antminer T21 units at its Duff operation, achieving a 500PH/s hash rate. The Memphis facility, established via a hosting agreement with 4545 S Mendenhall LLC, increases total power capacity to 22MW, projecting output near 1EH/s.

Phil Hicks, General Manager (North America), called this expansion a pivotal growth moment. The Memphis facility enhances existing Tennessee operations, leveraging the region’s competitive energy costs and reliable infrastructure.

Initial miner procurement includes 800 Antminer T21 units, slated for delivery by January’s end. The remaining 1,350 units will be procured and deployed before the first quarter of 2025.

This expansion strengthens Abits Group’s North American position, maintaining operational efficiency and technological advancement.

About Abits Group Inc.

Abits Group Inc. (NASDAQ: ABTS) is a U.S.-based digital data center operator specializing in Bitcoin self-mining operations. For more information, please visit or contact .

Safe Harbor Statement

This announcement includes forward-looking statements under the Private Securities Litigation Reform Act of 1995’s safe harbor provisions. All statements, except historical facts, are forward-looking. These statements involve known and unknown risks and uncertainties, based on current expectations and projections about future events and financial trends affecting the company’s financial condition, results, business strategy, and financial needs. Forward-looking statements use words like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” and similar expressions. The company is not obligated to update forward-looking statements to reflect subsequent events, circumstances, or changes in expectations, except as legally required. While the company believes these expectations are reasonable, it cannot guarantee their accuracy. Actual results may differ materially.

For further information, please contact:

Wanhong Tan
Chief Financial Officer
+852 9855 6575