American Bitcoin Reports Record BTC Output, Narrows Q2 Net Loss
Key Takeaways
- •American Bitcoin mined a record 932 Bitcoin in Q2 2026, boosting mining revenue by 8% to $67 million compared to the previous quarter.
- •The company narrowed its net loss to $57.2 million in the second quarter from $81.8 million in the first quarter, though it remained unprofitable.
- •American Bitcoin executed a 1-for-15 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement after its shares fell below the threshold.
- •As of June 30, the firm held approximately 8,002 BTC and had pledged roughly 3,090 tokens under agreements with Bitmain to acquire mining equipment.
- •Bitcoin Treasuries ranked American Bitcoin as the 16th-largest corporate Bitcoin treasury holder at the time of reporting.
American Bitcoin Reports Record BTC Output, Narrows Q2 Net Loss
American Bitcoin, the Trump family-linked Bitcoin mining company, achieved record production in the second quarter of 2026, with higher output driving revenue growth even as the firm continued to operate at a loss.
The Nasdaq-listed company, co-founded by Eric Trump and Donald Trump Jr., reported its Q2 results on Monday. Record production of 932 Bitcoin helped lift mining revenue 8% to $67 million, up from $62.1 million in the prior quarter.
The company posted a net loss of $57.2 million, an improvement from the $81.8 million loss recorded in the first quarter. The persistent losses come amid a broader industry environment in which miners have faced compressed margins following Bitcoin's April 2024 halving, which reduced block rewards from 6.25 BTC to 3.125 BTC per block, pushing operators to expand scale and improve efficiency to remain profitable.
American Bitcoin completed a 1-for-15 reverse stock split last month to maintain its Nasdaq listing after shares fell below the exchange's minimum bid price requirement. ABTC shares closed down 6.4% at $5.52 on Friday ahead of the earnings release and edged up less than 0.5% in premarket trading on Monday, according to Yahoo Finance.
Majority owned by Hut 8, the company stated that it held approximately 8,002 BTC as of June 30 and had pledged roughly 3,090 tokens under agreements with Bitmain to purchase mining equipment. Data aggregator Bitcoin Treasuries ranked the firm as the 16th-largest Bitcoin treasury company at the time of writing. The strategy of retaining mined Bitcoin on the balance sheet rather than liquidating it echoes the treasury approach adopted by several publicly listed mining firms and corporate Bitcoin holders.
American Bitcoin is one of several cryptocurrency ventures associated with the Trump family, which have drawn heightened regulatory and political scrutiny as Donald Trump's administration has pursued a more crypto-friendly policy stance.
The full second-quarter results were announced via a press release on PR Newswire.