American Bitcoin Q2 Financial Report: Bitcoin Mining Output Approximately 932 Coins, Reserves Increase to Over 8000 Coins
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American Bitcoin has released its financial report for the second quarter of 2026. The Bitcoin holdings increased from 7,021 coins at the end of the first quarter to 8,002 coins, a quarterly increase of approximately 981 coins, representing a growth rate of about 14%. The per-share Satoshi holding increased by about 11%, reaching approximately 10,989 Satoshis. The mining output for the second quarter was approximately 932 coins, setting a new historical high for a single quarter, up from 817 coins in the first quarter. The mining revenue for the second quarter was approximately $67 million, an increase of about 8% quarter-over-quarter; despite a drop in Bitcoin prices of about 12%, the gross margin remained around 50%, with the cost of mining a single Bitcoin approximately $36,500, remaining stable compared to the first quarter. The net loss for the second quarter was approximately $57.15 million, with adjusted EBITDA at negative $45.03 million, narrowing from a negative $91.28 million in the first quarter. As of the end of the quarter, the total number of the company's own mining machines was approximately 89,200 units, with a total hash rate of about 28.1 EH/s. In April, the company completed the full power-up of approximately 11,300 new generation mining machines at the Hut 8 Drumheller mining site, adding approximately 3.05 EH/s of hash rate.
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