ABTC
Live News • 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. Announcement • 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