American Bitcoin (Nasdaq: ABTC) said in its second-quarter 2026 earnings report that its Bitcoin reserves reached about 8,002 BTC as of June 30, up by roughly 981 BTC from the end of the first quarter, a quarterly increase of about 14%. The company also said Bitcoin holdings per share rose about 11% over the same period. During the quarter, American Bitcoin mined around 932 BTC, its highest quarterly output on record. Mining revenue came in at about $67.02 million, up around 8% from the previous quarter, while gross margin stayed near 50%. The cost to mine one BTC was about $36,500, largely unchanged from the prior quarter. CEO Mike Ho said the company plans to keep increasing its Bitcoin reserves by expanding mining infrastructure and strengthening its balance sheet. Co-founder and Chief Strategy Officer Eric Trump said the company now holds more than 8,000 BTC and operates one of the world’s largest Bitcoin mining platforms, adding that he remains confident in Bitcoin’s long-term outlook.
American Bitcoin (Nasdaq: ABTC) said in its second-quarter 2026 earnings report that, as of June 30, its Bitcoin reserves had risen to about 8,002 BTC. That was up by roughly 981 BTC from the end of the first quarter, or about 14% on a quarterly basis. Bitcoin holdings per share increased by about 11%.
During the reporting period, the company mined around 932 BTC, marking its highest quarterly production on record. Mining revenue was about $67.02 million, up roughly 8% from the previous quarter. Gross margin held at around 50%, and the cost to mine one BTC was about $36,500, broadly flat versus the prior quarter.
Chief Executive Officer Mike Ho said the company would continue increasing its Bitcoin reserves by expanding its mining infrastructure and strengthening its balance sheet.
Co-founder and Chief Strategy Officer Eric Trump said the company now holds more than 8,000 BTC and operates one of the world’s largest Bitcoin mining platforms. He also said he remains firmly confident in Bitcoin’s long-term outlook.
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