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American Bitcoin Mines Record 932 BTC in Q2, Reserve Tops 8,000

Net loss got here to $57.2 million, narrowed from $81.8 million in the primary quarter. A $71.2 million non-cash loss on digital property ran by way of working bills, and the working loss was $74.1 million whereas Bitcoin fell about 12% over the quarter.

CryptoPotato reported on the $81.8 million first-quarter loss that landed alongside a then-record 817 Bitcoin mined in May.

Reserve Climbs Toward 8,300 Bitcoin

Eric Trump, Co-Founder and Chief Strategy Officer, stated on X that the reserve had grown to roughly 8,300 BTC as of August 3 and described American Bitcoin because the “#16 Largest Publicly Traded Bitcoin Company in the World.”

The firm has traded on Nasdaq since its September 2025 debut by way of a inventory merger with Gryphon Digital Mining.

“Our conviction in Bitcoin stays absolute, and our purpose is easy: to ship relentless development, quarter after quarter, and construct the preeminent American Bitcoin powerhouse for the lengthy haul,” Trump famous in the earnings launch.

The owned fleet stood at about 89,242 miners and 28.1 EH/s at quarter-end, with the 11,298 Bitmain models that added 3.05 EH/s at Hut 8’s Drumheller website totally energized in April. The operational fleet ran 58,999 miners at 25.0 EH/s.

American Bitcoin valued the reserve at about $478.9 million in its quarterly report, in opposition to a Bitcoin worth of $59,847 on June 30.

Mining Revenue Up 8%

Mining income reached $67.0 million, up about 8% from $62.1 million in the primary quarter. Moreover, income per Bitcoin mined slipped roughly 5% to about $71,900.

Cost to mine held close to flat at about $36,500 per Bitcoin, pushed by marginally increased power prices at selective websites. General and administrative expense was $7.7 million, near 11% of income.

American Bitcoin effected a 1-for-15 reverse inventory break up on July 2, chopping shares issued from 1,092,295,800 to roughly 73 million. Class A inventory resumed split-adjusted buying and selling on The Nasdaq Capital Market on July 6 beneath the identical ticker.

The break up was “primarily meant to extend the per-share worth” of the inventory, the agency said in its July 1 announcement, and “to take care of compliance with the minimal bid worth requirement for sustaining its Nasdaq itemizing.” Stockholders permitted the measure on the annual assembly on June 22.

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