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.<\/p>\n
CryptoPotato reported on the $81.8 million first-quarter loss that landed alongside a then-record 817 Bitcoin mined<\/a> in May.<\/p>\n 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 \u201c#16 Largest Publicly Traded Bitcoin Company in the World.\u201d<\/p>\n Just wrapped $ABTC<\/a>\u2018s earnings call<\/p>\n Q2 2026 was our strongest quarter of Bitcoin production yet. As of today, our Bitcoin reserve has grown to ~8,300 BTC!<\/p>\n Gross margins have held at ~49%+ every quarter since launch. SG&A was just ~11% of revenue in Q2, one of the leanest cost\u2026 pic.twitter.com\/4qLT2YeILJ<\/a><\/p>\n \u2014 Eric Trump (@EricTrump) August 3, 2026<\/a><\/p>\n\n The company has traded on Nasdaq since its September 2025 debut<\/a> through a stock merger with Gryphon Digital Mining.<\/p>\n \u201cOur conviction in Bitcoin remains absolute, and our goal is simple: to deliver relentless growth, quarter after quarter, and build the preeminent American Bitcoin powerhouse for the long haul,\u201d Trump noted in the earnings release.<\/p>\n The owned fleet stood at about 89,242 miners and 28.1 EH\/s at quarter-end, with the 11,298 Bitmain units that added 3.05 EH\/s at Hut 8\u2019s Drumheller site fully energized in April. The operational fleet ran 58,999 miners at 25.0 EH\/s.<\/p>\n American Bitcoin valued the reserve at about $478.9 million in its quarterly report, against a Bitcoin price of $59,847 on June 30.<\/p>\n Mining revenue reached $67.0 million, up about 8% from $62.1 million in the first quarter. Moreover, revenue per Bitcoin mined slipped roughly 5% to about $71,900.<\/p>\n Cost to mine held near flat at about $36,500 per Bitcoin, driven by marginally higher energy costs at selective sites. General and administrative expense was $7.7 million, close to 11% of revenue.<\/p>\n American Bitcoin effected a 1-for-15 reverse stock split on July 2, cutting shares issued from 1,092,295,800 to roughly 73 million. Class A stock resumed split-adjusted trading on The Nasdaq Capital Market on July 6 under the same ticker.<\/p>\n The split was \u201cprimarily intended to increase the per-share price\u201d of the stock, the firm stated in its July 1 announcement, and \u201cto maintain compliance with the minimum bid price requirement for maintaining its Nasdaq listing.\u201d Stockholders approved the measure at the annual meeting on June 22.<\/p>\n The post American Bitcoin Mines Record 932 BTC in Q2, Reserve Tops 8,000<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-208409","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208409"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=208409"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208409\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=208409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=208409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=208409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Reserve Climbs Toward 8,300 Bitcoin<\/h2>\n
Mining Revenue Up 8%<\/h2>\n