American Bitcoin Mines Record 932 BTC in Q2, Reserve Reaches 8,300
The company's Bitcoin reserve hit 8,300 while producing 932 BTC in the second quarter.
1Record Bitcoin Production
American Bitcoin mined a record 932 BTC in Q2 2026, surpassing the previous quarter's 817 BTC. The company's Bitcoin reserve reached approximately 8,300 BTC by August 2026. Eric Trump announced the company is now the world's 16th largest publicly traded Bitcoin company. Gross margins have consistently remained above 49% every quarter, demonstrating strong operational efficiency in cryptocurrency mining.
2Financial Performance
The company reported a net loss of $57.2 million in Q2, showing improvement from Q1's $81.8 million loss. A $71.2 million non-cash loss on digital assets impacted operational expenses. Bitcoin's 12% price decline during the quarter contributed to a $74.1 million operational loss. Mining revenue increased by 8% to $67 million, indicating growth despite market challenges. Revenue per Bitcoin mined decreased by 5% to approximately $71,900.
3Mining Operations
American Bitcoin's mining fleet expanded to 89,242 miners by quarter-end, with total hash power reaching 28.1 EH/s. The addition of 11,298 Bitmain units at Hut 8's Drumheller site in April added 3.05 EH/s capacity. Currently, 58,999 active miners produce 25.0 EH/s of mining power. The cost to mine one Bitcoin remained stable at around $36,500, despite slightly higher energy costs at selected locations.
4Stock Market Moves
In July 2026, the company executed a 1-for-15 reverse stock split, reducing outstanding shares from 1.09 billion to about 73 million. Shares began trading on Nasdaq at the adjusted price on July 6. Management implemented this measure to increase per-share price and maintain Nasdaq listing requirements. Shareholders approved the reverse split during the June 22 annual meeting.
5Strategic Vision
Eric Trump emphasized the company's absolute conviction in Bitcoin and commitment to quarter-over-quarter growth. American Bitcoin aims to establish itself as the premier American Bitcoin powerhouse long-term. Having debuted on Nasdaq in September 2025 through a merger with Gryphon Digital Mining, the company focuses on strengthening its leadership position in crypto mining.
6Reserve Valuation
American Bitcoin's 8,300 BTC reserve was valued at approximately $478.9 million as of June 30, 2026, based on Bitcoin's price of $59,847. While mining revenue per Bitcoin decreased by 5% to $71,900, the company maintained stable mining costs at $36,500 per Bitcoin. Despite minor energy cost increases at some sites, operational efficiency remained consistent throughout the quarter.
7Cost Management
General and administrative expenses totaled $7.7 million, representing about 11% of revenue. SG&A expenses accounted for just 11% of revenue in Q2, marking one of the company's most efficient quarters. Eric Trump highlighted cost control achievements on Twitter. The company successfully maintained efficiency despite rising energy costs in certain locations.
8Industry Position
American Bitcoin stands out in the crypto mining sector with record production figures. Its 8,300 BTC reserve ranks it 16th globally among publicly traded Bitcoin companies. As a Nasdaq-listed entity, the company has become an important instrument for institutional investors. Despite falling Bitcoin prices, sustained production growth demonstrates resilience. With its long-term strategies, American Bitcoin continues to invest in the future of cryptocurrency mining.
Original article: CryptoPotato — American Bitcoin Rekor Üretimle 932 BTC Kazandı