Abits Group raises $2.1 million in registered direct offering

Abits Group Inc (NASDAQ: ABTS) completed a registered direct offering that raised approximately $2.1 million from institutional investors, the company announced. The offering closed on February 24, 2026.

The transaction involved the sale of 792,452 ordinary shares and pre-funded warrants at $2.65 per ordinary share. Pre-funded warrants were priced at $2.64999 each, representing the offering price minus an exercise price of $0.00001 per warrant. The pre-funded warrants are immediately exercisable.

The entire transaction was priced at market under Nasdaq rules. Abits Group plans to use the net proceeds for general corporate purposes and working capital, combined with existing cash resources.

Aegis Capital Corp served as the exclusive placement agent for the offering. The transaction was conducted under an effective shelf registration statement on Form F-3 that the Securities and Exchange Commission declared effective on December 18, 2025.

Abits Group operates a data center in Tennessee through its U.S. subsidiary, Abit USA Inc, which conducts bitcoin mining operations and provides colocation hosting services. The company is incorporated in the British Virgin Islands.

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