American Bitcoin Raises Treasury to 8,002 BTC; Q2 Revenue $67M

American Bitcoin reported $67 million in revenue for the quarter ended June 30, 2026, and expanded its strategic treasury to 8,002 bitcoins after mining a record 932 coins during the period.

The Miami-based miner and accumulation platform said revenue rose 8% from $62.1 million in Q1 2026. Production increased to 932 bitcoins in Q2 from 817 in the prior quarter. The company’s bitcoin reserves grew about 14%, up from roughly 7,021 BTC at March 31. Q2 output represented about 26% of all bitcoin the company has mined since launching operations on March 31, 2025.

Average revenue per bitcoin mined was $71,900, while the company’s average cost to mine a bitcoin held at about $36,500, slightly higher than the $36,200 reported in the first quarter. Those figures produced a gross margin near 50% despite an average bitcoin price decline of approximately 12% during the quarter. General and administrative expenses totaled $7.7 million, or about 11% of revenue.

Operational activity included the full energization in April of 11,298 next-generation miners at Hut 8’s Drumheller facility, which added roughly 3.05 exahashes per second (EH/s) of hash rate at an efficiency of 13.5 joules per terahash (J/TH). At quarter end the company owned 89,242 miners representing about 28.1 EH/s of potential capacity. The active fleet consisted of 58,999 miners delivering approximately 25 EH/s at an average efficiency of 14.1 J/TH.

The company reported an 11% increase in its satoshis-per-share metric to 10,989 as of June 30. Management said that figure reflects a 1-for-15 reverse stock split completed on July 2 and that bitcoin reserves grew faster than shares outstanding, which rose roughly 3% over the quarter.

Mike Ho, chief executive, noted the firm views bitcoin as a capital asset and described the quarter’s production and reserve growth as reinforcing the company’s strategy. Eric Trump, co-founder and chief strategy officer, added that the firm has rapidly scaled its operations since launch and plans to continue growing its treasury and production.

The results outline the company’s operational scale, its cost and revenue metrics, and the composition of its digital-asset holdings as it continues hardware deployments and manages energy costs across its sites.