Abits Group Inc.
ABTS.US | Other information technology and computer service activities
Abits Group Inc. appears to be involved in the technology sector, although the specific nature of its activities is not clearly defined from the provided information. Without more detailed information about their products, services, or target market, it's challenging to pinpoint their exact business...Show More
Better Health for All
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The company's principal activity, Bitcoin mining, causes severe and widespread health damage. This includes increased exposure to fine particulate matter (PM2.5) air pollution, which is linked to higher risks of cancer, heart disease, and dementia.
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Bitcoin mining also contributes to air, climate, waste, water, and noise pollution, devastating communities in multiple states.
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These operations consume significant electricity, primarily from fossil fuels, with 34 Bitcoin mines consuming 33% more electricity than Los Angeles, affecting 1.9 million Americans.
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There is no evidence of any redeeming health benefits or remediation efforts for these severe negative health externalities.
Fair Money & Economic Opportunity
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Abits Group Inc. (ABTS.US) is primarily engaged in bitcoin mining and internet media marketing.
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The provided articles do not contain any specific, concrete data points or information indicating that the company offers consumer lending, deposit services, insurance, or other financial products and services relevant to the 'Fair Money & Economic Opportunity' value. Therefore, no KPIs under this value can be scored based on the available evidence.
Fair Pay & Worker Respect
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No specific quantitative data was provided in the article to assess Abits Group Inc. against any of the Fair Pay & Worker Respect KPIs.
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The article notes the presence of executive compensation data from SEC filings but does not present any specific values for this or any other metric.
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Fair Trade & Ethical Sourcing
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No specific quantitative data was found across the provided articles to assess ABTS.US against any of the Fair Trade & Ethical Sourcing KPIs.
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One article discussed responsible sourcing for conflict minerals and the use of standardized contract language, but this information pertained to a different company (Abbott) and was therefore disregarded.
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The other articles discussed general concepts like blockchain for ethical sourcing but provided no company-specific metrics for ABTS.US.
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Honest & Fair Business
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The company has not incurred any ethics-related regulatory fines in the past three years.
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While compliance issues such as a Nasdaq listing rule violation and HFCAA compliance were noted, these were resolved through corporate actions like a reverse stock split and appointing a new auditor, without any associated fines.
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Kind to Animals
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No sustainability data or information relevant to animal welfare, cruelty-free certifications, or any other 'Kind to Animals' metrics is available for ABTS.US in the provided articles.
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The company's operations, as described, primarily involve bitcoin mining, which does not inherently intersect with animal welfare concerns.
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No War, No Weapons
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Abits Group Inc. (ABTS) is identified as a Bitcoin mining firm
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. All key performance indicators related to arms manufacturing, military contracts, conflict facilitation, dual-use technologies, and peacebuilding initiatives are explicitly stated as not applicable to its core business operations
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Planet-Friendly Business
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No specific, concrete data points were found in the provided articles for any of the 'Planet-Friendly Business' KPIs. Information regarding emissions, renewable energy use, water consumption volume per revenue, green building certifications, waste diversion, capital expenditure alignment, lifecycle assessments, recycled material ratios, carbon offsets, climate initiatives, supply chain transparency, biodiversity efforts, deforestation policies, environmental compliance violations, environmental impact assessments, net-zero targets, TCFD alignment, climate scenario analysis, stranded assets, water sourcing from stressed basins, packaging CO2 reduction, climate justice, just transition programs, or climate adaptation financing was not explicitly stated with quantitative metrics that could be mapped to the rubric's tiers.
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Respect for Cultures & Communities
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No evidence was found in the provided article regarding Abits Group Inc.'s performance on any of the KPIs related to Respect for Cultures & Communities.
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The article focuses solely on executive compensation and explicitly states it contains no relevant data for this ethical value.
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Safe & Smart Tech
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The company's privacy policy states that users can request data deletion, and data is not stored after deletion, indicating standard user data control.
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It also outlines a policy that data is stored only as necessary, reflecting standard data minimization practices.
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The company explicitly states compliance with the Slovenian Personal Data Protection Act, which is a basic level of regulatory compliance.
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Zero Waste & Sustainable Products
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No specific, concrete data points related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education for ABTS.US were found in the provided articles.
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The articles explicitly state that no sustainability data is available or that the content is not relevant to ABTS.US's waste and sustainable product practices.
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