Exhibit 99.2

ABITS GROUP INC

CONSOLIDATED BALANCE SHEETS

		As of			As of
	Note	June 30, 2025 (Unaudited)			December 31, 2024
ASSETS
Current Assets
Cash and cash equivalents		$	145,143		$	1,118,929
Receivable and other receivables			492,791			398,707
Accounts prepaid			50,000			160,000
Total current assets			687,934			1,677,636

Digital assets	1		1,964,090			257,753
Property, equipment and vehicles	2		10,844,606			9,435,908

TOTAL ASSETS			13,496,630			11,371,297

LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities
Other payables and accruals		$	845,206		$	990,346
Loan	3		2,625,000			-
Total Liabilities			3,470,206			990,346
Shareholders’ Equity
Preferred shares, no par value, unlimited shares authorized, 333,333 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively*	5	$	5,050		$	5,050
Common shares, no par value, unlimited shares authorized, 2,369,995 and 2,370,139 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively*	5		35,554			35,554
Additional paid-in capital			89,290,193			89,290,193
Accumulated deficit			(79,158,170	)		(78,803,383	)
Accumulated other comprehensive income			(146,203	)		(146,463	)
Total Shareholders’ Equity			10,026,424			10,380,951
Total Liabilities and Shareholders’ Equity		$	13,496,630		$	11,371,297

*	Retrospectively restated for the one-for-fifteen share consolidation effected on March 10, 2025.

F-1

ABITS GROUP INC

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

		Six Months Ended			Six Months Ended
	Note	June 30, 2025			June 30, 2024
Revenue	4	$	3,995,558		$	3,669,627
Direct costs of revenue			(1,856,866	)		(1,647,732	)
Profit from operations			2,138,692			2,021,895
General and administrative expenses			(1,133,589	)		(1,119,138	)
Depreciation			(1,619,905	)		(1,274,029	)
Fair value changes of digital assets			364,800			357,308
Loss before interest and taxes			(250,002	)		(13,964	)
Interest expense	3		(90,000	)		-
Loss before tax			(340,002	)		(13,964	)
Income taxes			(14,785	)		-
Loss after tax			(354,787	)		(13,964	)
Foreign exchange adjustment			260			(17,382	)
Comprehensive loss for the period		$	(354,527	)	$	(31,346	)

Basic and diluted loss per ordinary share	5	$	(0.15	)	$	(0.013	)
Basic and diluted average number of ordinary shares outstanding*	5		2,369,995			2,369,995

*	Retrospectively restated for the one-for-fifteen share consolidation effected on March 10, 2025.

F-2

ABITS GROUP INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES TO STOCKHOLDERS’ EQUITY

															Accumulated
	Preferred Shares*				Ordinary Shares*					Additional paid-in		Accumulated			other comprehensive
	Number		Amount		Number			Amount		capital		deficit			income			Total

Balance, December 31, 2023		333,333		5,050		2,370,139			35,554		89,290,193		(77,893,723	)		(124,414	)		11,312,660
Net loss for the year		-		-		-			-		-		(909,660	)		-			(909,660	)
Foreign exchange adjustment		-		-		-			-		-		-			(22,049	)		(22,049	)
Fractional share redemption						(144	)
Balance, December 31, 2024		333,333		5,050		2,369,995			35,554		89,290,193		(78,803,383	)		(146,463	)		10,380,951
Net loss for the period		-		-		-			-		-		(354,787	)		-			(354,787	)
Foreign exchange adjustment		-		-		-			-		-		-			260			260
Balance, June 30, 2025		333,333		5,050		2,369,995			35,554		89,290,193		(79,158,170	)		(146,203	)		10,026,424

*	Retrospectively restated for the one-for-fifteen share consolidation effected on March 10, 2025.

F-3

ABITS GROUP INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the Six Months Ended			For the Six Months Ended
	June 30, 2025			June 30, 2024
Net loss for the period	$	(354,787	)	$	(13,964	)
Adjustment to reconcile cash used in operating activities:
Depreciation of property, equipment and vehicles		1,619,905			1,274,028
Changes in operating assets and liabilities:
Receivables, other receivables and prepaid		15,916			403,544
Other payable and accruals		(145,140	)		(84,909	)
Digital assets		(1,706,337	)		(352,026	)
Net cash (used in)/generated from operating activities		(570,443	)		1,226,673

Cash from Investing activities:
Purchase of property, equipment and vehicles		(3,028,603	)		(1,696,907	)
Net cash used in investing activities:		(3,028,603	)		(1,696,907	)
Cash from financing activities:
Loan from a third party		3,000,000			-
Repayments of loan		(375,000	)		-
Net cash generated from financing activities		2,625,000			-
Effect of exchange rates on cash and cash equivalents		260			(17,382	)
Net decrease in cash and cash equivalents		(973,786	)		(487,616	)
Cash and cash equivalents, beginning of period		1,118,929			884,199
Cash and cash equivalents, end of period	$	145,143		$	396,583

See accompanying notes to consolidated financial statements

F-4

ABITS GROUP INC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. Digital assets

	June 30, 2025						December 31, 2024
BTC	Number			Value			Number			Value
Stock of bitcoins at the beginning of the year		2.58			246,136			16.41			693,389
Mined during the year		40.27			3,859,668			100.55			6,570,519
Exchanged for USD		(23.54	)		(2,180,105	)		(97.59	)		(6,360,675	)
Exchanged for USDT		(3.61	)		(326,409	)		(16.79	)		(1,180,595	)
Change in fair value of Bitcoin		-			364,800			-			523,498
Stock of bitcoins at the end of the year		15.70		$	1,964,090			2.58		$	246,136

USDC (one unit = one dollar)
Balance brought forward:		-			-			-			320,458
Exchange for USD		-			-			-			(45,168	)
Exchange for USDT		-			-			-			(5,437	)
Procurement of equipment and expenses		-			-			-			(269,853	)
Balance carried forward:		-			-			-			-

USDT (one unit = one dollar)
Balance brought forward:		-			11,617			-			180,310
Proceeds from exchange of USD and USDC		-			2,381,843			-			421,254
Proceeds from exchange of bitcoins		-			326,409			-			1,180,595
Procurement of equipment and expenses		-			(2,719,869	)		-			(1,770,542	)
Proceeds from sale of used equipment		-			-			-			-
Balance carried forward:		-			-			-			11,617

		-		$	1,964,090			-		$	257,753

F-5

2. Property, equipment and vehicles

Cost:	Land		Plant		Equipment		Vehicles		Total

Balance, January 1, 2025	$	1,896,291	$	2,384,687	$	8,127,643	$	133,308	$	12,541,929
Additions		-		128,390		2,900,215		-		3,028,605
Balance, June 30, 2025	$	1,896,291		$2,513,077	$	11,027,858	$	133,308		$15,570,534

Depreciation:
Balance, January 1, 2025			$	526,079	$	2,458,739	$	121,205	$	3,106,023
Charge for the period				243,477		1,364,325		12,103		1,619,905
Balance, June 30, 2025		-	$	769,556	$	3,823,064	$	133,308		$ 4,725,928
Net book value:
Balance, January 1, 2025	$	1,896,291	$	1,858,609	$	5,668,904	$	12,103	$	9,435,907

Balance, June 30, 2025	$	1,896,291	$	1,743,521	$	7,204,794		-	$	10,844,606

3. Loan and interest expense

In March 2025, the Company took a loan of $ 3.0 million, with interest at a simple rate of 12% per annum. The loan is repayable in 24 equal instalments and is secured on all the assets of the Company’s mining site at Duff, Tennessee. The interest expense for the period to June 30, 2025 is $90,000 (2024: Nil.

4. Revenue

	2025-1H		2024-1H

Bitcoin Operations ⁽¹⁾		3,859,669		3,669,236
Hosting income from third parties ⁽²⁾		135,889		-
		3,995,558		3,669,236

⁽¹⁾The output of bitcoins during the first half year of 2025 is 40.27 coins (2024-1H:61.53 coins).

⁽²⁾The Company began providing hosting services to third parties and charging a service fee from July 1, 2024.

5. Shareholders’ Equity

Preferred Shares

On February 13, 2025, the board of directors (the “Board of Directors”) of the Company approved to change the maximum number of preferred shares the Company was authorized to issue from 50,000,000 preferred shares, par value $0.00101 each, to an unlimited number of preferred shares, no par value each, and to amend and restate the Company’s Memorandum and Articles of Association, as amended, to reflect the changes.

On February 13, 2025, the Board of Directors approved a share consolidation of the Company’s preferred shares at the ratio of one-for-fifteen with an effective date of February 17, 2025.

Ordinary Shares

On February 13, 2025, the Board of Directors approved to change the maximum number of ordinary shares the Company was authorized to issue from 150,000,000 ordinary shares, par value US$0.001 each, to an unlimited number of ordinary shares of no par value each, and to amend and restate the Company’s Memorandum and Articles of Association, as amended, to reflect the changes.

On February 13, 2025, the Board of Directors approved a share consolidation of the Company’s ordinary shares at the ratio of one-for-fifteen with an effective date of February 17, 2025. On March 18, 2025, the Company paid cash to certain minor shareholders and cancelled 144 ordinary shares due to share consolidation reconciliation.

All historical share and per share amounts in these financial statements have been retroactively adjusted to reflect the share consolidations.

F-6

Abits Group Inc 6-K/A