American Bitcoin Holdings Surpass 8,000 BTC After Record Mining Quarter
The Trump family-backed American Bitcoin announced it has increased its Bitcoin holdings to over 8,002 BTC as of June 2026, a rise of about 14% from March. The company produced a record 932 Bitcoin in the second quarter and reported mining revenue rising to $67 million while maintaining a gross margin near 50%. Despite higher energy costs, its cost per mined Bitcoin remained stable at around $36,500. American Bitcoin also posted an improved net loss of $57.2 million for Q2 compared to the previous quarter's $81.8 million loss. CEO Mike Ho emphasized a long-term strategy focused on compounding growth and infrastructure development rather than short-term price fluctuations. Co-founder Eric Trump highlighted the company’s rapid progress since its inception, now operating one of the world's largest Bitcoin mining platforms. The report follows recent challenges for American Bitcoin, including declining share prices and a 1-for-15 reverse stock split in July to meet Nasdaq compliance requirements.
Tickers: $ABTC
Topics: Bitcoin Mining Q2 Results Reserve Growth