Abits Group is a small bitcoin mining company that operates ASIC mining hardware at data centers in Tennessee. The company uses Bitmain Antminer S19XP miners — purpose-built chips that solve cryptographic computations to earn bitcoin rewards — at two facilities: owned property in Duff, Tennessee, and a hosted facility in Memphis, Tennessee operated by a third-party under a revenue-sharing arrangement. Abits mines bitcoin through mining pools, where miners combine computing power and share rewards proportionally based on contributed hash rate. The company accumulates bitcoin and sells it for cash as needed based on market conditions. Abits' economics are driven by its hash rate (computing power deployed), bitcoin price, network difficulty, energy costs, and hardware efficiency. At the Memphis facility, Abits pays a hosting fee covering energy, service fees, and a 33.5% profit share to the facility operator. Electricity is the primary operating cost, and mining pool fees average roughly 2%. The company traces its roots to Moxian, a Nevada-incorporated company that originally ran mobile apps and digital advertising for small businesses in China; after both businesses failed, the company pivoted to bitcoin mining, raised $40M to fund the buildout, and rebranded to Abits Group in late 2023. Abits is in early stages of developing a second data center on a 55-acre parcel in New Auburn, Wisconsin.