Key Highlights

● Revenue was about $67.0 million, up about 8% from the first quarter.

● The company mined about 932 bitcoin, its highest quarterly total on record.

● Net loss narrowed to about $57.2 million from $81.8 million in the first quarter.

● Bitcoin holdings were about 8,002, including about 3,090 pledged for BITMAIN miner purchases.

The latest verified development

American Bitcoin Corp. (NASDAQ:ABTC), a Bitcoin Mining and accumulation company, last reported results on 3 August 2026 for the quarter ended 30 June. The quarter included the company's highest bitcoin production on record.

Second-quarter results

Revenue was about $67.0 million, up about 8% from $62.1 million in the first quarter. The net loss was about $57.2 million, narrower than the $81.8 million loss in the first quarter.

The company mined about 932 bitcoin in the quarter, its highest quarterly total on record, compared with about 817 in the first quarter. That is an increase of roughly 14%, and about ten bitcoin a day across the quarter.

Dividing revenue by bitcoin mined gives about $71,900 per coin in the second quarter against about $76,000 in the first. The comparison assumes revenue came mostly from mining. On that basis, production rose faster than revenue, which would be consistent with a lower average bitcoin price over the period.

Mining fleet and bitcoin holdings

The owned fleet had about 28.1 exahashes per second of capacity at quarter-end. After the Drumheller site was energised, the operational fleet produced about 25.0 exahashes per second. The difference suggests that some owned capacity was not yet operating.

Bitcoin holdings were about 8,002 at 30 June 2026, up about 14% from roughly 7,021 in the first quarter. That figure includes about 3,090 bitcoin pledged for miner purchases from BITMAIN. The pledge means a portion of the holdings is not freely available, so the headline number overstates unencumbered coins.

Management commentary

Chief executive Mike Ho said bitcoin is a growing Capital asset and that the company believes its long-term compounding will outperform its cost of capital. Co-founder and chief strategy officer Eric Trump said the company's conviction in bitcoin remains absolute and its goal is to deliver relentless growth, quarter after quarter. Both statements are management views, not results.

Production, pledged bitcoin and loss trajectory

The net loss narrowed to $57.2 million from $81.8 million, yet about 3,090 of the 8,002 bitcoin held remain pledged for BITMAIN miner purchases. The next report will show whether that pledged share shrinks as the owned fleet's idle capacity comes online.