American Bitcoin Corp. produced a record 932 Bitcoin during the second quarter of 2026. According to the official second quarter earnings report, this output marked a 14% quarter-over-quarter increase in digital asset generation for the Nasdaq-listed mining company.
The expansion in mining production pushed quarterly mining revenue up by 8% to approximately $67 million for the period ending June 30, 2026. In the preceding quarter, the company had generated $62.1 million from its core mining operations.
Despite the revenue growth, the company recorded a net loss of $57.2 million for the quarter. This financial performance represents a narrowing compared to the $81.8 million net loss reported in the first quarter of 2026.
The company also reported an operating loss of $74.1 million for the three-month period ending June 30, 2026. Depreciation and hardware power costs remained primary drivers of total operational expenses during the quarter.
In equity markets, ABTC stock experienced downward pressure ahead of the financial release. Based on market data for American Bitcoin, shares closed down 6.4% at $5.52 on August 1, 2026, before edging up under 0.5% in premarket trading on August 3.
To comply with Nasdaq listing rules, the company executed a 1-for-15 reverse stock split on July 2, 2026. The corporate action aimed to maintain listing status after share prices fell below the exchange minimum bid requirement.
As of June 30, 2026, the company held 8,002 BTC in reserves, up from 7,021 BTC held on March 31. This addition of 981 tokens expanded its strategic Bitcoin treasury position over the three-month period.
Out of its total digital asset holdings, approximately 3,090 tokens remain pledged under commercial agreements with Bitmain. These collateralized assets back ongoing contracts for purchasing next-generation mining hardware.
The average cost to mine each Bitcoin reached $36,500 during the second quarter of 2026. This operational expense remained relatively stable compared to the $36,200 per token cost recorded during the first quarter.
The company maintained a total capacity of 28.1 EH/s in hash rate across its owned fleet of 89,242 mining units. In April 2026, the firm completed the deployment of 11,298 next-generation miners at the Drumheller facility.
Ongoing net losses reflect broader structural challenges within the global cryptocurrency mining sector. As operational context, the net loss posted by Canaan reached $88.7 million during the first quarter of 2026.
Mining gross margin remained near 50% throughout the second quarter of 2026 despite Bitcoin price volatility. General and administrative expenses totaled $7.7 million, representing approximately 11% of total quarterly revenue.
American Bitcoin Corp., co-founded by Eric Trump and Donald Trump Jr. and majority-owned by Hut 8, continues expanding its footprint. The company ranks among the largest publicly traded corporate Bitcoin treasuries globally as of August 2026.
This article is for informational purposes only and does not constitute financial advice.
