American Bitcoin Mines Record 932 BTC in Q2, Reserve Tops 8,000
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 Bitcoin mined in May.
Reserve Climbs Toward 8,300 Bitcoin
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 โ#16 Largest Publicly Traded Bitcoin Company in the World.โ
Just wrapped $ABTCโs 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 costโฆ pic.twitter.com/4qLT2YeILJ
โ Eric Trump (@EricTrump) August 3, 2026
The company has traded on Nasdaq since its September 2025 debut through a stock merger with Gryphon Digital Mining.
โฆ Continue reading the full article at the original source below.
