American Bitcoin mined a record 932 BTC in Q2 2026, bringing its reserve to approximately 8,300 BTC as of August 3 according to co-founder and chief strategy officer Eric Trump. The company posted a net loss of $57.2 million, narrowing from $81.8 million in the first quarter, despite a $71.2 million non-cash loss on digital assets. Mining revenue rose 8% to $67 million, with the cost to mine holding steady at around $36,500 per BTC. American Bitcoin executed a 1-for-15 reverse stock split on July 2 to maintain compliance with Nasdaq’s minimum bid price requirement.
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