American Bitcoin announced its financial results for the first quarter of 2026. The company, co-founded by Eric Trump, reported a net loss of approximately $81.8 million in the first three months of the year. This figure exceeds the $59.5 million loss recorded in the previous quarter.
According to the company’s report to the U.S. Securities and Exchange Commission, mining revenue in the first quarter was $62.1 million. This figure was $78.3 million in the last quarter of 2025. Operating expenses totaled $150.7 million.
The biggest factor contributing to the losses was stated to be the decline in the value of digital assets, with a loss of $117.2 million recorded in this category alone. The approximately 22% drop in Bitcoin’s price during the same period significantly reduced the value of the company’s crypto assets.
Company CEO Mike Ho stated that core operations were profitable when valuation effects due to accounting standards are excluded, and that the company did not sell any Bitcoin during the quarter.
On the other hand, the company announced that it achieved record production levels in the first quarter. American Bitcoin mined 817 $BTC in three months and purchased another 803 $BTC to add to its reserves. Thus, its total Bitcoin holdings increased to 7,021 $BTC.
The company also announced in March that it had purchased 11,298 new mining rigs from Bitmain. With a total mining capacity reaching 28.1 EH/s, Eric Trump stated that the company had risen to become the 16th largest Bitcoin holder globally.
*This is not investment advice.