Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output

American Bitcoin (ABTC), the Trump family-backed BTC firm, launched its Q1 2026 monetary outcomes earlier within the week, they usually confirmed a virtually $82 million internet loss for the interval.

This was regardless of the agency mining a file 817 BTC.

Mining Output Goes Up, But BTC Price Drop Hits Earnings

Per paperwork it filed with the SEC, other than the 817 BTC it mined, American Bitcoin additionally purchased one other 803 BTC, which took its strategic reserve to 7,021 BTC by March 31.

However, on the time of writing, the stash had grown to about 7,300 BTC after the agency purchased an extra 300 items, which noticed it climb the ranks of publicly traded corporations holding Bitcoin to quantity 16.

Mining revenues declined to $62.1 million from $78.3 million, as a result of decrease costs per Bitcoin mined of $76,000 in comparison with the earlier quarter’s about $100,000. Still, the corporate posted a gross margin over 50% and reduce its price to mine by 23% to $36,200 per Bitcoin, down from $46,900 or so in This fall 2025.

Satoshis per share, the agency’s most well-liked measure of worth creation, rose by about 20% quarter-over-quarter to about 663.

“Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB, and the underlying enterprise was worthwhile, and we didn’t promote a single coin,” CEO Mike Ho stated within the earnings launch.

President Matthew Prusak framed the fee enchancment as the important thing operational story, saying:

“We produced Bitcoin at 52% gross margin regardless of a 22% decline in Bitcoin value, reflecting significant price enhancements that partially offset the worth headwind. Every share of American Bitcoin owns extra Bitcoin right this moment than it did three months in the past.”

ABTC shares fell 8.4% to round $1.15 following the earnings launch, preserving the inventory far beneath its 52-week high of $14.65.

Expansion Strategy Mirrors Wider Bitcoin Treasury Trend

The manufacturing features had been partly the results of a {hardware} acquisition accomplished in early March 2026, when American Bitcoin took supply of 11,298 next-generation miners from Bitmain.

As was reported on the time, that deal added about 3.05 EH/s of capability at an effectivity of 13.5 joules per terahash, deployed at Hut 8’s Drumheller web site in Alberta, Canada.

The firm’s complete owned fleet now stands at roughly 89,242 miners with 28.1 EH/s of capability, although its operational fleet delivering energetic output is 58,999 miners at round 25.0 EH/s, nonetheless roughly half the dimensions of the biggest publicly listed Bitcoin miners.

American Bitcoin just isn’t alone in reporting massive headline losses pushed by Bitcoin’s poor run at the start of the yr, as Strategy, the biggest company proprietor of the flagship cryptocurrency, earlier within the week reported that it had incurred a internet lack of $12.54 billion in Q1 2026.

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