American Bitcoin posted an $81.8 million internet loss in Q1 2026, even because the Trump-backed miner set a brand new quarterly manufacturing file of 817 BTC and lower its mining price by 23%.
Abstract
- American Bitcoin reported an $81.8 million internet loss in Q1, up from a $59.5 million loss in This autumn 2025.
- Bitcoin fell 22% through the quarter, triggering a $117.2 million non-cash impairment cost on the corporate’s holdings.
- The corporate mined a file 817 BTC and decreased its price per coin to $36,200, a 23% enchancment from $46,900 in This autumn 2025.
American Bitcoin reported a internet lack of $81.8 million in Q1 2026, pushed by a 22% bitcoin worth decline that triggered a $117.2 million non-cash impairment on its digital asset holdings. Income from mining fell to $62.1 million from $78.3 million within the prior quarter.
Regardless of the headline loss, CEO Mike Ho pushed again. “Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB,” he stated, “and the underlying business was profitable and we did not sell a single coin.”
Gross mining margins held above 50% and the fee per coin fell to $36,200, a 23% enchancment from $46,900 in This autumn 2025.
File manufacturing, widening paper losses
American Bitcoin mined 817 BTC in Q1, its highest quarterly output to this point, and bought an extra 803 BTC for its treasury. Complete holdings reached 7,021 BTC as of March 31. Co-founder Eric Trump informed Consensus Miami on Wednesday:
“In just over eight months as a public company, we have become the 16th largest bitcoin holder globally and scaled to more than 28 exahash of capacity.”
The corporate accomplished the deployment of 11,298 new Bitmain miners in early March, bringing its whole fleet to 89,242 machines and 28.1 EH/s of capability. Working bills for the quarter totalled $150.7 million.
ABTC shares fell roughly 7% in pre-market buying and selling after the outcomes missed analyst estimates by 17%. As crypto.information reported, ABTC debuted on Nasdaq by way of a reverse merger in September 2025, briefly pushing Eric Trump’s paper stake into billionaire territory earlier than a sustained selloff.
