American Bitcoin Corp. (Nasdaq: ABTC) reported second-quarter 2026 results on August 3, showing record mining output and a 14% expansion of its strategic Bitcoin reserve even as the cryptocurrency's price fell roughly 12% during the period.
The Miami-based company generated $67 million in mining revenue for the quarter ended June 30, up 8% from $62.1 million in the first quarter. Revenue growth was driven by a record 932 bitcoins mined, a 14% increase from 817 bitcoins in Q1. Second-quarter production accounted for approximately 26% of all Bitcoin the company has mined since launching operations on March 31, 2025.
Bitcoin holdings grew from roughly 7,021 as of March 31 to about 8,002 Bitcoin as of June 30. The company highlighted an 11% increase in its satoshis-per-share metric, which rose to 10,989 as of June 30. That figure reflects a 1-for-15 reverse stock split executed July 2. Management noted that bitcoin reserves grew by 14% during the period, outpacing a 3% expansion in shares outstanding.
Despite a roughly 12% decline in average bitcoin prices during the quarter, American Bitcoin maintained a gross margin near 50%. Revenue per bitcoin mined averaged $71,900, while the average cost to mine held steady at $36,500 per bitcoin, up slightly from $36,200 in the first quarter because of minor energy price changes across select sites.