ライブニュース • May 10
American Bitcoin Reports US$82m Q1 Loss With Record Output and Expanding BTC Holdings American Bitcoin reported a Q1 2026 net loss of about US$82m while achieving record quarterly mining output of 817 BTC and a 23% reduction in mining cost per Bitcoin to roughly US$36,200.
The company expanded its fleet with around 11,298 Bitmain S21 XP ASIC miners acquired at an implied 44% discount through a collateralized deal involving pledged Bitcoin.
American Bitcoin recently bought an additional 300 BTC, bringing total holdings to about 7,300 BTC and placing it 16th globally by reported Bitcoin holdings, while maintaining a policy of not selling Bitcoin.
For you as an investor, the mix of a sizeable quarterly loss with record production and lower unit mining costs points to a company leaning into scale and efficiency while accepting short-term earnings pressure. Holding costs at roughly US$36,200 per Bitcoin, compared with industry averages that are described as higher, may matter if you are focused on how mining margins behave at different Bitcoin price levels.
The decision to keep all mined Bitcoin and add more via purchases, even while posting a loss, concentrates the business on balance sheet exposure to Bitcoin. The recent 300 BTC purchase and the use of pledged Bitcoin to secure discounted miners both increase that exposure. If you are assessing ABTC, the key questions are likely around comfort with that concentrated approach, the durability of its lower cost structure, and how the enlarged fleet and growing reserves fit your own view of Bitcoin as an asset. Reported Earnings • May 07
First quarter 2026 earnings released: US$0.08 loss per share (vs US$1.99 loss in 1Q 2025) First quarter 2026 results: US$0.08 loss per share (improved from US$1.99 loss in 1Q 2025). Revenue: US$62.1m (up 404% from 1Q 2025). Net loss: US$81.8m (loss narrowed 19% from 1Q 2025). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in the US. お知らせ • Apr 17
American Bitcoin Corp. to Report Q1, 2026 Results on May 06, 2026 American Bitcoin Corp. announced that they will report Q1, 2026 results After-Market on May 06, 2026 お知らせ • Apr 14
American Bitcoin Corp., Annual General Meeting, Jun 22, 2026 American Bitcoin Corp., Annual General Meeting, Jun 22, 2026. Reported Earnings • Apr 02
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: US$0.17 loss per share (down from US$8.59 profit in FY 2024). Revenue: US$185.2m (up 159% from FY 2024). Net loss: US$153.2m (down 135% from profit in FY 2024). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 89%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. Recent Insider Transactions • Mar 06
Board Member recently bought US$1.9m worth of stock On the 3rd of March, Justin Mateen bought around 2m shares on-market at roughly US$1.03 per share. This transaction increased Justin's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.2m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 27
Full year 2025 earnings released: US$0.17 loss per share (vs US$8.59 profit in FY 2024) Full year 2025 results: US$0.17 loss per share (down from US$8.59 profit in FY 2024). Revenue: US$185.2m (up 159% from FY 2024). Net loss: US$153.2m (down 135% from profit in FY 2024). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. お知らせ • Feb 05
American Bitcoin Corp. to Report Fiscal Year 2025 Results on Feb 26, 2026 American Bitcoin Corp. announced that they will report fiscal year 2025 results Pre-Market on Feb 26, 2026 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$1.35, the stock trades at a forward P/E ratio of 187x. Average forward P/E is 14x in the Software industry in the US. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$1.56, the stock trades at a forward P/E ratio of 216x. Average forward P/E is 16x in the Software industry in the US. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$2.02, the stock trades at a forward P/E ratio of 279x. Average forward P/E is 15x in the Software industry in the US. Recent Insider Transactions • Dec 31
Director recently bought US$200k worth of stock On the 22nd of December, Richard Busch bought around 101k shares on-market at roughly US$1.98 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$500k. Insiders have collectively bought US$991k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 19
Director recently bought US$291k worth of stock On the 16th of December, Richard Busch bought around 175k shares on-market at roughly US$1.66 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Dec 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 46% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 46% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Profit margins are more than 30% lower than last year (136% net profit margin). New Risk • Dec 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (136% net profit margin). Buy Or Sell Opportunity • Dec 03
Now 29% undervalued The stock has been flat over the last 90 days, currently trading at US$2.19. The fair value is estimated to be US$3.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$4.30, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 30x in the Software industry in the US. Reported Earnings • Nov 16
Third quarter 2025 earnings released Third quarter 2025 results: EPS: US$0.004. Net income: US$3.48m (up US$3.48m from 3Q 2024). お知らせ • Oct 31
American Bitcoin Corp. to Report Q3, 2025 Results on Nov 14, 2025 American Bitcoin Corp. announced that they will report Q3, 2025 results Pre-Market on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$5.95, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 35x in the Software industry in the US. Board Change • Sep 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.