Abits Group Inc. operates in the bitcoin mining business in the United States through its subsidiary, owning and operating mining facilities that provide mining operations and colocation hosting services. The company describes itself as a new generation digital center with in-house bitcoin mining, and its main activities are carried out through facilities in Tennessee. The company is headquartered at 8 Chaoyangmen North Street, Unit 9/F, Block D, Fuhua Tower, Dongcheng, Beijing, China, and operates with 11 employees.
Abits Group was founded in 2010 and is headquartered in Beijing, China. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. For fiscal 2025, the company reported $9.13 million revenue (+37% vs 2024) and $3.68 million gross profit (~40% margin). The company mined 89.09 BTC during fiscal 2025 across its Duff and Memphis, Tennessee operations.
Recent Leadership News
On October 6, 2026, Abits Group terminated CEO Conglin Deng without cause and appointed Chief Investment Officer Stephen Faucetta as CEO and Chairman. Faucetta brings over two decades of financial services and alternative asset management experience and a record of managing more than $10 billion in capital raises.
Facts compiled by Executive Moves from publicly available news and press releases on 9 October 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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