American Bitcoin Mines Record 932 BTC in Q2 2026, Reserve Approaches 8,300 BTC

American Bitcoin reported its strongest quarter of Bitcoin production to date, mining 932 BTC in the second quarter of 2026. The company's net loss narrowed to $57.2 million, down from $81.8 million in the first quarter. A $71.2 million non-cash loss on digital assets flowed through operating expenses, contributing to an operating loss of $74.1 million during a period in which Bitcoin's price declined approximately 12%. Under fair-value accounting rules, companies holding Bitcoin as a digital asset must revalue those holdings each reporting period, meaning the charge reflected the quarter's market price decline rather than any sale of Bitcoin or cash outflow.

As CryptoPotato previously reported, the first-quarter loss of $81.8 million coincided with a then-record 817 BTC mined in May alone.

Reserve Climbs Toward 8,300 Bitcoin

Eric Trump, son of former President Donald Trump and Co-Founder and Chief Strategy Officer of American Bitcoin, announced on X that the company's reserve had grown to approximately 8,300 BTC as of August 3, 2026. He also 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 since its September 2025 debut, which was executed through a stock merger with Gryphon Digital Mining. American Bitcoin is one of several publicly traded miners that emerged or relisted during this cycle, a cohort whose earnings are closely tied to Bitcoin price movements and network difficulty adjustments.

"Our 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," Trump stated in the earnings release.

Fleet and Valuation

At quarter-end, American Bitcoin's owned fleet comprised approximately 89,242 miners with a total hash rate of 28.1 EH/s. This figure includes 11,298 Bitmain units that added 3.05 EH/s at Hut 8's Drumheller site, which were fully energized in April. The operational fleet consisted of 58,999 miners running at 25.0 EH/s.

The company valued its Bitcoin reserve at approximately $478.9 million in its quarterly report, based on a Bitcoin price of $59,847 on June 30.

Mining Revenue Up 8%

Mining revenue reached $67.0 million in Q2, representing an increase of roughly 8% from $62.1 million in the first quarter. Revenue per Bitcoin mined declined approximately 5% to about $71,900.

The cost to mine remained nearly flat at approximately $36,500 per Bitcoin, driven by marginally higher energy costs at select sites. General and administrative expenses totaled $7.7 million, equivalent to close to 11% of revenue.

Reverse Stock Split

American Bitcoin implemented a 1-for-15 reverse stock split on July 2, reducing shares issued from 1,092,295,800 to approximately 73 million. Class A stock resumed split-adjusted trading on The Nasdaq Capital Market on July 6 under the same ticker.

In its July 1 announcement, the company stated that the split was "primarily intended to increase the per-share price" of the stock and "to maintain compliance with the minimum bid price requirement for maintaining its Nasdaq listing." Stockholders approved the measure at the annual meeting on June 22.