American Bitcoin Corp (ABTC) mined roughly 932 BTC in the second quarter, its highest quarterly production on record, and grew its strategic reserve to about 8,002 units on June 30. Net loss came to $57.2 million, narrowed from $81.8 million in the first quarter. A $71.2 million non-cash loss on digital assets ran through operating expenses, and the operating loss was $74.1 million while Bitcoin fell about 12% over the quarter. CryptoPotato reported on the $81.8 million first-quarter loss that landed alongside a then-record 817 Bitcoin mined in May. Reserve Climbs Toward 8,300 Bitcoin Eric Trump, Co-Founder and Chief Strategy Officer, said on X that the reserve had grown to roughly 8,300 BTC as of August 3 and described American Bitcoin as the “#16 Largest Publicly Traded Bitcoin Company in the World.” Just wrapped $ABTC‘s earnings call Q2 2026 was our strongest quarter of Bitcoin production yet. As of today, our Bitcoin reserve has grown to ~8,300 BTC! Gross margins have held at ~49%+ every quarter since launch. SG&A was just ~11% of revenue in Q2, one of the leanest cost… pic.twitter.com/4qLT2YeILJ — Eric Trump (@EricTrump) August 3, 2026 The company has traded on Nasdaq sinc...
American Bitcoin Mines Record 932 BTC in Q2, Reserve Tops 8,000
1 month ago
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