American Bitcoin will report second-quarter 2026 results before markets open on August 3, followed by an 8:30 a.m. ET call. The release will show whether expanded Bitcoin Mining capacity protected margins as weaker $BTC Price levels reduced the company’s reserve value.
Q1 Mining Efficiency Offset by Bitcoin Valuation Losses
American Bitcoin enters the report with a mixed first-quarter benchmark. Revenue fell to $62.1 million from $78.3 million in the previous quarter. However, production increased from 783 $BTC to a record 817 $BTC, while mining gross margin remained near 52%.
The company also cut its cost per Bitcoin mined by 23% to approximately $36,200, reflecting stronger operating efficiency. Still, those gains did not prevent an $81.8 million net loss. A $117.2 million digital asset loss drove most of the deficit.
Similarly, Bitcoin fell from about $87,498 to $68,222 during the quarter, allowing fair-value losses to outweigh mining improvements.
ChartMill projects approximately $75.3 million in revenue. Consequently, investors will focus on production, unit costs, gross margin, and the size of American Bitcoin’s reserve.
Expanded Hashrate Faces Lower Bitcoin Prices in Q2
Although Bitcoin ended June near $59,000 after falling about 14% during Q2, American Bitcoin continued expanding its mining operations. The company’s hashrate increased after 11,298 Bitmain miners were energized at Hut 8’s Drumheller facility on April 22.
The installation added about 3.05 exahashes per second, lifting operational capacity to approximately 25 EH/s for most of the quarter. In addition, American Bitcoin owned about 89,242 machines with 28.1 EH/s of total capacity, further expanding its production base.
Its reserve stood at 7,021 $BTC on March 31, including 3,090 $BTC pledged to Bitmain. By early July, however, holdings had exceeded 8,000 $BTC, confirming continued accumulation during or shortly after the quarter.
The earnings release also follows a 1-for-15 reverse stock split intended to preserve Nasdaq’s minimum bid-price requirement. The split reduced outstanding shares from roughly 1.09 billion to about 73 million. Regardless, ABTC fell more than 23% after adjusted trading began.
Related: American Bitcoin Adds 11,298 Rigs, Lifts Hashrate and Stock 12%