1. ABTC appoints KPMG as independent auditors effective September 19, 2025. 2. KPMG will replace RBSM LLP and serve for the year ending December 31, 2025. 3. The Audit Committee approved KPMG to enhance corporate governance and transparency. 4. ABTC focuses on building Bitcoin infrastructure and offers institutional exposure. 5. The decision signifies a commitment to rigorous financial practices and accountability.
The auditor change indicates a focus on improving governance but lacks immediate market catalysts. Historical trends show auditor changes often stabilize or marginally impact stock prices unless linked to broader issues.
The appointment of KPMG may improve investor confidence, but does not directly influence market conditions.
Initial effects may be observed in the short term as investors digest this news; however, long-term effects depend on operational performance and Bitcoin market developments.
MIAMI, Sept. 25, 2025 /PRNewswire/ -- American Bitcoin Corp. (NASDAQ: ABTC) ("American Bitcoin" or the "Company"), a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone, has appointed KPMG LLP ("KPMG") as its independent auditors, effective as of September 19, 2025.
The Audit Committee of the Board of Directors of the Company approved the appointment of KPMG to serve as the Company's independent public registered accounting firm for the year ended December 31, 2025. KPMG replaces RBSM LLP, whom the Company thanks for its prior service. Additional information is available in the Current Report on Form 8-K that the Company filed with the Securities and Exchange Commission.
About American Bitcoin
American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., is a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure platform. The Company delivers institutional-grade exposure to Bitcoin through an industry-first business model that integrates scaled self-mining operations with disciplined accumulation strategies. For more information, visit abtc.com and follow the Company on X and Instagram at @ABTC.
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SOURCE American Bitcoin Corp.