American Bitcoin posts $57.2 million loss in second quarter 2026

American Bitcoin, the publicly listed mining company co-founded by Eric Trump, ended the second quarter of 2026 with a net loss of $57.2 million. Despite the substantial loss, the number of Bitcoin held by the company continues to grow steadily. Mining revenues are rising quarter on quarter, although losses on digital assets weigh heavily on the results.

Bitcoin is available at OKX and Bybit.

In brief:

• American Bitcoin reports a net loss of $57.2 million for Q2 2026, of which $71.2 million is attributable to losses on digital assets.
• The company mined 932 Bitcoin in the quarter and now holds a total of 8,002 Bitcoin, an increase of 14%.
• Mining revenues amount to $67 million, while the cost per mined Bitcoin is approximately $36.500.

Loss from impairment of digital assets

The net loss of $57.2 million is largely caused by a $71.2 million write-down on the value of digital assets. This type of loss is common among companies that hold large amounts of Bitcoin on their balance sheets, especially in periods when the Bitcoin price is under pressure. Bitcoin is currently trading around $64K, up 1.1% over the past 24 hours.

American Bitcoin is listed on the Nasdaq under the ticker ABTC. The company reports its quarterly results via an official press release. Co-founder Eric Trump is the son of US President Donald Trump, which draws extra media attention to the company.

Growth in Bitcoin holdings and mining revenues

Despite the loss, the company shows growth on an operational level. In the second quarter, American Bitcoin mined 932 Bitcoin, bringing total holdings to approximately 8,002 Bitcoin. That is an increase of 14% compared with the previous quarter. Of those 8,002 Bitcoin, approximately 3,090 have been pledged under purchase agreements with Chinese mining manufacturer Bitmain.

Mining revenues rose by 8% compared with the previous quarter, amounting to $67 million. The cost of mining one Bitcoin is approximately $36.500, well below the current market price. That gives the company an operational margin, although the overall results remain negative due to the impairment of digital assets.

Bitcoin reserves continue to rise

The chart published by the company shows that both the total Bitcoin reserve and the number of satoshis per share have been on an almost uninterrupted upward trajectory since the start of 2025. That pattern reflects American Bitcoin’s strategy of continuously accumulating Bitcoin through mining, similar to the approach taken by other publicly listed mining companies.

The combination of growing reserves and rising mining revenues means the company is making operational progress, even though short-term market fluctuations are causing accounting setbacks. Whether that trend continues will depend to a large extent on the further development of the Bitcoin price in the coming quarters.