ABITS (ABTS) GROUP Takes $14M Convertible Note and $250M Equity Line

Abits Group (ABTS) has signed a pair of financing agreements that the company itself says will be substantially dilutive to existing holders of Ordinary Shares. On September 14, 2026, the Hong Kong-based, British Virgin Islands-incorporated company agreed to sell a convertible promissory note with an original principal amount of $16,470,588.24 for a purchase price of up to $14,000,000, reflecting a 15% original issue discount, and separately committed to an equity purchase agreement under which one institutional investor will buy up to $250,000,000 of shares over 36 months.