American Bitcoin Reports First Quarter 2026 Results
American Bitcoin grew its strategic Bitcoin reserve by 30% to over 7,000 BTC in Q1 2026, achieving record production of 817 Bitcoin while maintaining a 52% mining gross margin. Despite a 22% decline in Bitcoin price, operational efficiency improved with cost to mine dropping 23% to $36,200 per Bitcoin, allowing the underlying business to remain profitable excluding non-cash mark-to-market losses.
Key figures
- Revenue
- 62118000
- Owned miners
- ~89,242
- Bitcoin mined
- ~817
- Mining revenue
- ~$62.1 million
- Bitcoin holdings
- ~7,021
- Cost to mine btc
- ~$36,200
- Hash rate capacity
- ~28.1 EH/s
- Satoshis per share
- ~663
- Mining gross margin
- ~52%
AI analysis
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