American Bitcoin Reports Record Quarterly Production and Strategic Reserve Growth in Q2 2026
American Bitcoin Corp. (Nasdaq: ABTC) reported its second-quarter results for 2026, highlighting record Bitcoin production of approximately 932 BTC mined during the period. The company increased its strategic reserve to over 8,002 Bitcoin by June 30, a ~14% increase from March's total and driven primarily by mining output. Despite headwinds in Bitcoin prices, American Bitcoin maintained strong operational performance with gross margins nearly holding at around 50%, while revenue per Bitcoin mined remained resilient compared to the broader price decline. The company’s mining platform delivered $67 million in Q2 revenue, up ~8% from Q1 and supported by a fleet of approximately 89,242 miners. The full energization of next-generation miners at Hut 8's Drumheller site added significant capacity to the operational fleet. American Bitcoin also reported an increase in Satoshis per share (SPS) by ~11%, reflecting both growth in holdings and a modest rise in shares outstanding. Looking ahead, management emphasized continued infrastructure expansion, balance sheet strengthening, and compounding SPS as key priorities for long-term shareholder value.
Tickers: $ABTC