Advanced Blockchain AG Adjusts 2023 Figures, Publishes 2024 Outlook

Advanced Blockchain AG has revised its preliminary financial figures for 2023. Previously reported revenues of EUR 5.2 million and EBIT of EUR 2.2 million were overstated due to misreported gains from a subsidiary’s token assets. The final consolidated figures are pending as audits continue, potentially leading to further adjustments. Importantly, the annual financial statements already published remain unaffected.

The company projects a positive development for 2024, forecasting a consolidated EBITDA of at least EUR 1.0 million despite market volatility. An independent evaluation of the top ten portfolio stocks is expected to be published in the coming weeks.