Why did American Bitcoin report an $81.8 million loss in Q1 2026?

American Bitcoin reported a large quarterly loss mainly because Bitcoin prices fell 22% during the period. The company recorded $117.2 million in mark-to-market losses tied to its digital asset holdings.

Was American Bitcoin’s core mining business profitable?

Chief executive Mike Ho said the company’s underlying mining operations remained profitable when excluding non-cash accounting adjustments on Bitcoin holdings. The losses were largely driven by accounting rules rather than operational weakness.

How much Bitcoin did American Bitcoin mine in Q1?

American Bitcoin mined a record 817 BTC during the first quarter. The company also purchased an additional 803 BTC for its treasury strategy.

How much Bitcoin does American Bitcoin now hold?

The company held 7,021 BTC as of March 31 after increasing its treasury during the quarter. Management said the firm added more than 1,600 BTC during Q1 alone.

Why are Bitcoin miners affected so heavily by Bitcoin price declines?

Bitcoin miners often hold large BTC reserves on their balance sheets, which creates accounting losses when prices fall. Mining revenues and investor sentiment also tend to weaken during crypto market downturns.

How did American Bitcoin’s mining efficiency improve?

The company reduced its mining cost per Bitcoin by 23% quarter-on-quarter to $36,200 per coin. Management attributed the improvement to higher production volume and disciplined energy pricing.

What is American Bitcoin’s current mining capacity?

American Bitcoin said it operated 89,242 mining machines with a total capacity of 28.1 exahash per second by the end of Q1. The company expanded capacity further through a March purchase of 11,298 Bitmain miners.

What did Eric Trump say about the company’s strategy?

Eric Trump said the company is focused on accumulating Bitcoin “efficiently and at scale.” He highlighted strong mining margins and the company’s growing treasury reserves despite weaker market conditions.

American Bitcoin posts $82M quarterly loss

Written by Heidi Cuthbert Published May. 7 2026Last Updated May. 7 2026

American Bitcoin, the bitcoin mining and treasury company co-founded by Eric Trump, reported an $81.8 million net loss in the first quarter as falling cryptocurrency prices weighed on its digital asset holdings.

The company generated $62.1 million in mining revenue during the quarter, down from $78.3 million in the previous quarter, according to a filing with the US Securities and Exchange Commission.

American Bitcoin recorded $117.2 million in losses tied to digital assets after Bitcoin declined 22% during the quarter, contributing to total operating expenses of $150.7 million.

“Q1 2026 was a quarter of continued momentum in a resilient business under adverse market conditions,”

Chief executive Mike Ho said.

Ho said the company’s underlying operations remained profitable excluding non-cash mark-to-market accounting adjustments required under Financial Accounting Standards Board rules.

American Bitcoin mined a record 817 BTC during the quarter and purchased an additional 803 BTC for its treasury, increasing total holdings to 7,021 BTC by March 31.

The company said its mining platform maintained a gross margin above 50% despite weaker Bitcoin prices, while mining costs improved 23% quarter-on-quarter to $36,200 per bitcoin.

American Bitcoin also expanded its mining infrastructure by purchasing 11,298 Bitmain mining machines in March, increasing total mining capacity to 28.1 exahash per second across 89,242 miners.

“In Q1, we mined 817 bitcoin at a 47% discount to spot, added more than 1,600 bitcoin to our strategic reserve, and did so with strong margins that translated into meaningful operating income from our mining platform,”

Eric Trump said.

American Bitcoin shares rose 1.63% on Wednesday to close at $1.25, with the stock up 40.5% over the past month but still down 72.5% over the last six months.

At the time of reporting, Bitcoin price was $81,026.14.