Advanced Bitcoin Technologies AG substantially improved its earnings situation in the first half of the year from January 1 to June 30, 2024 and significantly reduced its consolidated annual loss to -28k Euro (first half of 2023 (previous year) -596k Euro). In addition, important progress was made in the ongoing enforcement action against the unlawfully acting former trustee of savedroid AG regarding the release of the cryptocurrency balances from the company's Initial Coin Offering (ICO).

In the first half of 2024, the ABT Group increased its operating profit (EBITDA, defined as sales revenue plus other capitalized own work, other operating income, less material costs, personnel costs and other operating expenses) to 676k Euro (previous year: 148k Euro). The positive EBITDA resulted primarily from higher gains on the sale of cryptocurrency assets amounting to 799k Euro (previous year: 357k Euro). Applying the LiFo method and taking into account the historical acquisition costs as the upper value limit, the crypto assets amounted to a total of 7.787m Euro as per the balance sheet date on June 30, 2024 (after 7.999m Euro as of December 31, 2023), while the market value as per the balance sheet date was 36.440m Euro and currently amounts to 30.069m Euro.