American Bitcoin (ABTC), the Trump family-backed BTC firm, launched its Q1 2026 monetary outcomes earlier within the week, they usually confirmed an almost $82 million internet loss for the interval.
This was regardless of the agency mining a file 817 BTC.
Mining Output Goes Up, However BTC Worth Drop Hits Earnings
Per paperwork it filed with the SEC, other than the 817 BTC it mined, American Bitcoin additionally purchased one other 803 BTC, which took its strategic reserve to 7,021 BTC by March 31.
Nonetheless, on the time of writing, the stash had grown to about 7,300 BTC after the agency bought an extra 300 items, which noticed it climb the ranks of publicly traded corporations holding Bitcoin to quantity 16.
Mining revenues declined to $62.1 million from $78.3 million, as a consequence of decrease costs per Bitcoin mined of $76,000 in comparison with the earlier quarter’s about $100,000. Nonetheless, the corporate posted a gross margin over 50% and lower its value to mine by 23% to $36,200 per Bitcoin, down from $46,900 or so in This autumn 2025.
Satoshis per share, the agency’s most well-liked measure of worth creation, rose by about 20% quarter-over-quarter to about 663.
“Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB, and the underlying enterprise was worthwhile, and we didn’t promote a single coin,” CEO Mike Ho stated within the earnings launch.
President Matthew Prusak framed the price enchancment as the important thing operational story, saying:
“We produced Bitcoin at 52% gross margin regardless of a 22% decline in Bitcoin value, reflecting significant value enhancements that partially offset the worth headwind. Each share of American Bitcoin owns extra Bitcoin right now than it did three months in the past.”
ABTC shares fell 8.4% to round $1.15 following the earnings launch, conserving the inventory far under its 52-week excessive of $14.65.
Growth Technique Mirrors Wider Bitcoin Treasury Pattern
The manufacturing good points have been partly the results of a {hardware} acquisition accomplished in early March 2026, when American Bitcoin took supply of 11,298 next-generation miners from Bitmain.
As was reported on the time, that deal added about 3.05 EH/s of capability at an effectivity of 13.5 joules per terahash, deployed at Hut 8’s Drumheller website in Alberta, Canada.
The corporate’s whole owned fleet now stands at roughly 89,242 miners with 28.1 EH/s of capability, although its operational fleet delivering lively output is 58,999 miners at round 25.0 EH/s, nonetheless roughly half the size of the most important publicly listed Bitcoin miners.
American Bitcoin isn’t alone in reporting massive headline losses pushed by Bitcoin’s poor run in the beginning of the yr, as Technique, the most important company proprietor of the flagship cryptocurrency, earlier within the week reported that it had incurred a internet lack of $12.54 billion in Q1 2026.
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