American Bitcoin, a US-based Bitcoin mining and treasury management company, announced a net loss of $81.8 million in the first quarter of 2026. The company recorded a loss of 59.5 million dollars in the last quarter of 2025. American Bitcoin is known as a company of which Eric Trump is one of the founding partners, and which has attracted attention especially recently with its corporate Bitcoin reserves.
Decrease in mining revenues and increase in operating expenses
Revenue from mining in the first quarter amounted to $62.1 million. This figure was 78.3 million dollars in the previous quarter. Total operating expenses reached 150.7 million dollars. This decline in the company’s financial performance was influenced by the approximately 22 percent decline in Bitcoin price and the loss of value in digital asset reserves. In particular, the report highlighted a negative impact of $117.2 million due to the decrease in the value of asset reserves.
CryptoAppsy According to data, the company’s total Bitcoin assets increased to 7,021 BTC at the end of the quarter. At the close of March, this reserve showed expansion of both mining capacity and treasury strategy.
Record BTC production and strategic purchases
American Bitcoin produced a total of 817 BTC in the first three months of the year, reaching the highest quarterly mining amount in the company’s history. In addition, by purchasing another 803 BTC, the company strengthened its strategic reserve and became one of the largest companies accumulating institutional Bitcoin. CEO Mike Ho emphasized in his statement that no cash sales were made and profitability was maintained in core business lines.
“Excluding non-cash valuation adjustments required by FASB accounting standards, American Bitcoin remains profitable from its core operations. There were no Bitcoin sales during the quarter,” said Mike Ho, the company’s CEO. he said.
The company’s mining operations have managed to maintain gross margin above 50 percent despite challenging market conditions. Thanks to strategies focused on energy costs and efficiency, the cost of producing one Bitcoin decreased from $ 46,900 in the previous quarter to $ 36,200 in the first quarter of 2026.
Eric Trump: “We are in the top 20 globally”
Co-founder Eric Trump stated that this period demonstrated the company’s capacity to collect Bitcoin at scale and efficiently. He also pointed out that American Bitcoin has become the 16th largest holder of Bitcoin worldwide among publicly traded companies in just eight months.
Eric Trump stated that the company was able to produce BTC at 47 percent below spot market prices and constantly increased its strategic reserve volume.
The company’s shares increased by 1.63 percent on Wednesday and closed the day at $1.25. The stock, which gained more than 40 percent in value in the last month, dropped nearly 72 percent in the last six months.
