Eric Trump said American Bitcoin (ABTC), the Bitcoin mining company he described as being under his umbrella, delivered its strongest Bitcoin production quarter since launch in the second quarter of 2026. He said the company’s Bitcoin reserves have now grown to about 8,300 BTC.
According to figures he shared for the end of the second quarter, ABTC held about 8,002 BTC, up 14% quarter over quarter. Quarterly mining output reached 932 BTC, also up 14%, while satoshis per share rose 11% to 10,989. Mining revenue came in at about $67 million, marking an 8% increase from the previous quarter.
Eric Trump also said ABTC has maintained gross margins above roughly 49% in every quarter since the company was founded. In the second quarter, selling, general and administrative expenses accounted for about 11% of revenue, which he described as an industry-leading low-cost structure. He added that Hut 8’s team has participated in building ABTC-related operations, and said the company is pursuing a public-company model centered on expanding Bitcoin reserves and improving mining efficiency.
Eric Trump said American Bitcoin (ABTC), the Bitcoin mining company he said is under his umbrella, posted its strongest Bitcoin production performance since inception in the second quarter of 2026. He added that the company’s Bitcoin reserves have now increased to about 8,300 BTC.
Key second-quarter metrics moved higher
Figures shared by Eric Trump showed that, at the end of the second quarter, ABTC held about 8,002 BTC in reserves, up 14% from the prior quarter. Quarterly mining production reached 932 BTC, also up 14% quarter over quarter. Satoshis per share came in at 10,989, up 11%, while mining revenue was about $67 million, up 8% from the previous quarter.
Margins and cost structure
Eric Trump said the company has kept gross margin above roughly 49% in every quarter since it was founded. In the second quarter, selling, general and administrative expenses accounted for about 11% of revenue, which he said preserved an industry-leading low-cost structure.
Public-market expansion in 11 months
He said ABTC delivered a strong quarter even as digital asset markets faced pressure. The company has now become the world’s 16th-largest publicly listed corporate Bitcoin holder, according to his statement, and reached that scale just 11 months after going public.
Hut 8’s team has also been involved in building ABTC-related operations. The company had previously disclosed that it is building a listed-company model centered on accumulating BTC assets by expanding its Bitcoin reserves and improving mining efficiency.
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