American Bitcoin produced a record 932 BTC during the second quarter, according to company reports. The Nasdaq-listed company, co-founded by Eric Trump and Donald Trump Jr., also saw its mining revenue increase by 8% to $67 million, up from $62.1 million in the previous quarter.
The company reported a net loss of $57.2 million for the second quarter. This figure represents a narrowing of the loss from the $81.8 million reported in the first quarter.
8,002 BTC
Total Bitcoin held by American Bitcoin as of June 30
As of June 30, American Bitcoin held approximately 8,002 BTC. At the time of writing, the company was ranked as the 16th-largest Bitcoin treasury company by data aggregator Bitcoin Treasuries.
American Bitcoin is majority owned by Hut 8. The company has pledged approximately 3,090 tokens under agreements with Bitmain to purchase mining equipment.
Following a period where shares fell below the Nasdaq minimum bid requirement, the company completed a 1-for-15 reverse stock split last month to maintain its listing. American Bitcoin (ABTC) shares closed down 6.4% at $5.52 on Friday, according to Yahoo Finance.
Updates
American Bitcoin's Bitcoin holdings grew by approximately 14% during the second quarter, rising from roughly 7,021 BTC at the end of March to approximately 8,002 BTC by the end of June, with a total value of about $512 million. Despite higher energy costs, the cost to mine a Bitcoin remained steady at approximately $36,500, while gross margins stayed near 50% even as the average Bitcoin price declined by roughly 12% from the previous quarter. Additionally, company shares have fallen to their lowest price since the March IPO, currently sitting about 94% below their post-IPO peak. Meanwhile, President and interim CFO Matt Prusak announced he is leaving the company to join Giga Energy.
American Bitcoin's Bitcoin holdings rose by approximately 14% during the second quarter, increasing from roughly 7,021 BTC at the end of March to approximately 8,002 BTC by the end of June. Additionally, the company's shares have fallen to their lowest price since their March debut, currently sitting about 94% below their post-IPO peak. Meanwhile, President and interim CFO Matt Prusak announced he is leaving the company to join Giga Energy as chief business officer and interim CFO.
American Bitcoin's Bitcoin holdings increased by approximately 14% during the second quarter, rising from roughly 7,021 BTC at the end of March to approximately 8,002 BTC by the end of June. The company reported a net loss of $57.2 million for the second quarter of 2026, compared to a profit of $3.4 million in the same period last year. Additionally, President and interim CFO Matt Prusak announced he is leaving the company to join Giga Energy, and the company's shares have fallen to their lowest price since going public.
