Net loss came to $57.2 million this time, shrinking from $81.8 million back in the first quarter. A $71.2 million non-cash hit on digital assets slid through operating costs, pushing the overall operating loss to $74.1 million as Bitcoin dipped around 12% across those months. 🖤
Bitcoin Vault Edges Near 8300 🦇
Crypto whispers told of that earlier $81.8 million loss paired with a fresh peak of 817 Bitcoin pulled from the network. Eric Trump shared on X that reserves climbed to about 8,300 BTC by August 3, calling American Bitcoin the “#16 Largest Publicly Traded Bitcoin Company in the World.”
Just wrapped $ABTC‘s 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 cost… pic.twitter.com/4qLT2YeILJ
— Eric Trump (@EricTrump) August 3, 2026
The firm has been trading on Nasdaq since its September 2025 debut via a stock merger with Gryphon Digital Mining.
Revenue From The Mines Rises 8% 🌑
“Our conviction in Bitcoin remains absolute, and our goal is simple: to deliver relentless growth, quarter after quarter, and build the preeminent American Bitcoin powerhouse for the long haul,” Trump added in the release. The owned fleet reached about 89,242 miners and 28.1 EH/s by quarter end, with those 11,298 Bitmain units adding 3.05 EH/s at the Drumheller site all powered up in April. The running fleet held 58,999 miners at 25.0 EH/s. American Bitcoin marked the reserve at roughly $478.9 million in the report, with Bitcoin sitting at $59,847 on June 30. Mining revenue hit $67.0 million, climbing about 8% from $62.1 million in the prior quarter. Revenue per Bitcoin mined eased around 5% to about $71,900. Cost to mine stayed near flat at about $36,500 per Bitcoin amid slightly higher energy prices at a few spots. General and administrative expense landed at $7.7 million, near 11% of revenue. American Bitcoin carried out a 1-for-15 reverse stock split on July 2, trimming shares from 1,092,295,800 down to roughly 73 million. Class A stock restarted split-adjusted trading on The Nasdaq Capital Market on July 6 under the same ticker. The move aimed “primarily intended to increase the per-share price” of the stock and “to maintain compliance with the minimum bid price requirement for maintaining its Nasdaq listing.” Stockholders gave the nod at the annual meeting on June 22. 💀🕸️🦇🌹🕷️₿
Just another echo from the void by iconofsin.eth 💖
