American Bitcoin Corp reported second quarter 2026 mining revenue of $67.0 million, an 8% increase sequentially but a slight miss against analyst estimates. The company posted a net loss of $57.2 million for the quarter, driven by a non-cash loss on digital assets.
Key Highlights
- The company's Bitcoin holdings grew approximately 14% quarter-over-quarter, from ~7,021 to ~8,002 as of June 30, 2026.
- A company record of ~932 Bitcoin were mined in the second quarter, up from ~817 in the first quarter of 2026.
- Mining gross margin was approximately 49.3%, nearly holding the 50% level despite a 12% decline in the price of Bitcoin during the quarter.