ABTC

Cryptocurrencies are tentatively recovering to begin the year’s third quarter. On July 3, Bitcoin (CRYPTO: $BTC) was trading at $62,128 U.S., having gained 1% in the last 24 hours. Bitcoin's price is back above the key support level of $60,000 U.S. that analysts say is needed for a sustained rally to begin. A week ago, Bitcoin was trading at a 21-month low of $58,000 U.S. Other cryptocurrencies are also staging a rebound, with Ethereum's price up 3% over the past 24 hours to $1,740 U.S. Heading into the July 4th holiday weekend in America, crypto prices were gaining ground as investors rotate capital out of high-flying microchip and semiconductor stocks such as Micron Technology (NASDAQ: $MU) and SanDisk (NASDAQ: $SNDK). Adding to the bullish sentiment around crypto is news that exchange-traded funds (ETFs) that track the spot price of Bitcoin have seen an influx of capital following a 10-day losing streak. Bitcoin ETFs attracted $221.7 million U.S. of capital on July 2, their biggest inflow in two months. The inflows ended a difficult 10-day outflow streak that saw investors pull a total of $2.73 billion U.S. from the funds. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket Here’s what else happened with cryptocurrencies over the past week… Strategy Announces $2 Billion Stock Buyback Program: Strategy (NASDAQ: $MSTR) has announced a new $2 billion U.S. stock buyback program as it looks to attract investors and boost its share price. Strategy’s board has also approved a “Bitcoin Monetization Program” that will allow the company to sell Bitcoin when management deems it advantageous. Proceeds from Bitcoin sales can be used to build or replenish the company's cash reserves, fund preferred stock dividends, make interest payments, and finance stock buybacks. American Bitcoin Conducts Reverse Stock Split: American Bitcoin (NASDAQ: $ABTC) has conducted a reverse stock split to avoid being delisted from the Nasdaq (NASDAQ: $NDAQ) exchange. American Bitcoin is the Bitcoin mining company that’s majority-owned by Hut 8 (NASDAQ: $HUT). The company’s shares are currently tradin...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management emphasized a dual-track strategy focused on accumulating the most Bitcoin at the lowest possible cost to drive Satoshis per share (SPS) growth. The company achieved a 23% sequential reduction in mining costs to approximately $36,200 per Bitcoin, effectively offsetting a 22% decline in spot prices to maintain gross margins above 50%. Operational velocity was highlighted by the Drumheller site deployment, which moved from purchase agreement to full energization in under two months via the Hut 8 partnership. Management views the current market as a 'thinning' competitive landscape where other miners are diverting power and chip supply toward AI, leaving more network share for dedicated Bitcoin miners. The company maintains an asset-light model to concentrate capital into Bitcoin and miners rather than heavy infrastructure ownership. Executive leadership reiterated that SPS is the primary metric for evaluating performance, noting that SPS grew 20% while share count only grew approximately 9% in Q1. Future capital allocation and M&A decisions will be strictly governed by their ability to be accretive to the Satoshi per share metric. Management expects G&A as a percentage of revenue to compress further as the mining platform scales and fixed costs are spread over higher production. The company plans to continue utilizing its ATM equity program to supplement organic mining production with strategic treasury purchases. The full energization of the Drumheller site is expected to improve blended fleet efficiency in upcoming periods due to the use of next-generation 13.5 J/TH miners. The reported GAAP net loss was driven primarily by a $117.2 million non-cash mark-to-market loss on Bitcoin holdings due to price compression during the quarter. A $37.3 million gain on derivatives related to miner purchase agreements partially offset the digital asset valuation losses. Management flagged that network difficulty declined roughly 10% quarter-over-quarter, which they interpret as a durable shift of global hash rate toward AI workloads. The company has utilized approximately 16.7% of its $2.1 billion shelf capacity through its ATM program as of quarter-end. One stock. Nvidia-level potential. 30M+ investors trust Mo...

American Bitcoin (NASDAQ: ABTC) reported first-quarter 2026 results on Wednesday, posting revenue of about $62.1 million, down 21% from about $78.3 million in the fourth quarter of 2025. The majority-owned subsidiary of Hut 8 grew its strategic bitcoin reserve by about 30% to roughly 7,021 bitcoin as of March 31, up from about 5,401 at the end of December. ABTC is up 9.65% over the last 5 trading days, per Yahoo Finance data. The company said it mined a record 817 bitcoin in the quarter, up from about 783 in Q4 2025, and purchased an additional 803 bitcoin through treasury operations. Mining gross margin held at about 52%, down slightly from 53% in the prior quarter. Cost to mine fell to about $36,200 per bitcoin, a 23% decline from roughly $46,900 in Q4 2025. AI and Bitcoin’s daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts. Bitcoin’s price declined about 22% over the quarter. CEO Mike Ho said the price drop “drove significant non-cash headwinds through our GAAP financials.” Ho said the underlying business remained profitable after stripping out the non-cash mark-to-market adjustment required by FASB, and that the company “did not sell a single coin.” American Bitcoin expanded its owned fleet to about 89,242 miners with 28.1 EH/s of capacity by quarter-end. The company completed the acquisition of about 11,298 miners from Bitmain in early March, adding roughly 3.05 EH/s at an efficiency of about 13.5 J/TH. Those machines were deployed at Hut 8’s Drumheller site, with the first containers energized on March 31 and full energization completed by April 22. After Drumheller came online, the operational fleet increased to about 58,999 miners producing roughly 25.0 EH/s at an average efficiency of about 14.1 J/TH. Eric Trump, co-founder and chief strategy officer, said the company now holds more than 7,300 bitcoin and called it “among the largest publicly traded Bitcoin companies in the world, supported by a fleet of nearly 90,000 miners.” President Matthew Prusak said the company’s model centers on securing the bitcoin network through mining, accumulating bitcoin through its treasury strategy, and accelerating adoption through the broader ecosystem. He highlighted the cost-to-mine reduction and the satoshis-per-share growth as key operating metrics for the quarter.

American Bitcoin expanded capacity and production, reporting about 90,000 miners and roughly 28.1 EH/s after Drumheller came online, and mined 817 BTC in Q1 (a monthly record of 286 BTC in March). Revenue fell to $62.1 million from $78.3 million due to lower Bitcoin prices, but unit economics improved with cost to mine around $36,200 per BTC and a mining gross margin of about 52%. The company increased its strategic reserve to 7,021 BTC (satoshis per share up ~20% to ~663 and cited as “over 690” on the call), while reporting a headline GAAP hit from a $117.2 million non‑cash digital asset revaluation loss. Interested in American Bitcoin Corp.? Here are five stocks we like better. The Great Pivot: Bitcoin Miners Are Becoming AI’s Landlords American Bitcoin (NASDAQ:ABTC) reported first-quarter fiscal 2026 results highlighting higher Bitcoin production, lower unit mining costs, and continued growth in its Bitcoin reserve, even as Bitcoin prices declined during the quarter and created significant non-cash accounting losses under fair value rules. Chief Strategy Officer Eric Trump said the company ended the quarter with a strategic Bitcoin reserve of 7,021 Bitcoin, up from 5,401 at year-end 2025, and said the company “did not sell a single coin” during the period. Trump also pointed to growth in owned mining infrastructure, saying American Bitcoin now has “nearly 90,000 miners” and “approximately 28.1 exahash per second of owned capacity,” up from roughly 78,000 miners at year-end. → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries In operational remarks, a company representative (identified as Mike on the call) said American Bitcoin mined 817 Bitcoin in Q1, up from 783 in Q4 2025. He added that March production reached a monthly record of 286 Bitcoin. The company’s owned capacity at quarter-end was about 25 exahash per second, and following the full energization of the Drumheller site on April 22, nameplate capacity increased to about 28.1 exahash per second. Mike said the company completed the acquisition of about 11,298 next-generation miners during the quarter, adding approximately 3.05 exahash per second at about 13.5 joules per terahash. Those units were deployed to Hut 8’s Drumheller site in Alberta. He characterized the move from purchase agreement to fully energized site in under two months as enabled by American Bitcoin’s partner...

Management has fundamentally restructured the business to focus on a 'power-first' development model, prioritizing access to scarce energy resources as the primary driver of infrastructure value. The company successfully transitioned from a volatile operating model to a contracted infrastructure-like model, evidenced by the spin-off of its Bitcoin mining business into American Bitcoin (ABTC) and the divestiture of power generation assets. Strategic positioning at the intersection of power, infrastructure, and compute is designed to capture outsized value as AI demand scales, moving beyond traditional vendor roles to long-term partnership structures. The 'power-first' underwriting approach allowed the company to develop sites like Beacon Point without speculative risk, using ABTC as a guaranteed demand path before securing AI tenants. Operational discipline is centered on a 'first principles' approach to procurement, where the company analyzes the manufacturing costs of components like transformers and PDUs to negotiate better pricing and lead times with vendors. Management emphasizes that they have yet to convert a single existing facility, meaning their current growth is entirely driven by new greenfield capacity, leaving legacy assets as future opportunistic upside. The company is targeting Q2 2027 for the initial data hall delivery at River Bend, utilizing conservative timelines to 'underpromise and overdeliver' on execution commitments. Future growth will prioritize 'quality over volume,' focusing on high investment-grade counterparties (AA- or higher) to ensure long-term contract durability and credit strength. Management expects the Digital Infrastructure segment to become the primary growth driver starting in Q2 2027 as commercialized data halls come online and generate contracted NOI. The 8.4 gigawatt development pipeline is intended to be converted into contracted opportunities using a repeatable, non-recourse financing template established by the River Bend bond issuance. Strategic investments in 'growth SG&A' are focused on hiring developers with deep power expertise and 'full value chain thinkers' to optimize cost-per-token for AI customers. The $3.25 billion River Bend financing represents a first-of-its-kind 16.5-year fully amortizing investment-grade construction bond, effectively eliminating post-construction refinancing risk. Net loss for th...

Image source: The Motley Fool. Thursday, February 26, 2026 at 8 a.m. ET Chief Executive Officer — Michael Ho Co-founder and Chief Strategy Officer — Eric Trump Executive Chairman — Asher Genoot President and Interim Chief Financial Officer — Matt Prusak Operator: Good morning. Welcome to American Bitcoin's Fourth Quarter and Full Year 2025 financial results conference call. Speaking on today's call are Co-founder and Chief Strategy Officer, Eric Trump, and Chief Executive Officer, Michael Ho. Executive Chairman, Asher Genoot, and President and Interim Chief Financial Officer, Matt Prusak, will be available during the question and answer session. Following prepared remarks, we will open the line for questions. This call is being recorded. A transcript will be made available on American Bitcoin's website. American Bitcoin issued its fourth quarter and full year 2025 earnings release earlier today, which can be found on the company's website at abtc.com and on the company's EDGAR profile at sec.gov. Certain statements made during this call may constitute forward-looking statements within the meaning of applicable securities law. These statements reflect current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including certain key risks detailed in the company's SEC filings. Except as required by law, the company may undertake no obligation to update or revise any forward-looking statements. During the call, management may reference non-GAAP measures such as adjusted EBITDA. Management believes these metrics, alongside GAAP results, provide valuable insight into the company's performance. Reconciliations of GAAP and non-GAAP results are included in the tables accompanying today's earnings release. With that, I'll turn the call over to Eric Trump, Co-founder and Chief Strategy Officer of American Bitcoin. Eric Trump: Good morning, everybody, welcome back. We launched American Bitcoin on March 31st, 2025. We went public on September 3rd, just over five months later. We held our first earnings call on November fourteenth, and the praise that came out of that call, really, the praise and acclaim was truly incredibly special. Today, only five months and 23 days since ABTC went public, not even a year since we launched the company, we are fast becoming the leader in the Bitcoin world, and I truly think we h...

The company, formed in March with its spinoff from another bitcoin miner, reported a net loss of $59 million. American Bitcoin debuted as a publicly traded company after a reverse merger in September. Eric Trump, cofounder and chief strategy officer of American Bitcoin, told The Wall Street Journal on Thursday that the company has received a lot of inbound interest for M&A deals and partnerships.

This article first appeared on GuruFocus. Release Date: February 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. American Bitcoin Corp (NASDAQ:ABTC) has rapidly become the 17th largest public Bitcoin accumulator with over 6,000 Bitcoin on its balance sheet. The company achieved a 49% increase in Satoshi's per share in a single quarter, reflecting strong growth in Bitcoin reserves. ABTC mines Bitcoin at a structural discount, achieving a 53% gross margin, which is significantly higher than many competitors. The company has a disciplined cost structure, with SG&A expenses reduced to 9% of revenue in the fourth quarter, down from 13% in the previous quarter. ABTC's dual accumulation model combines Bitcoin mining and strategic market purchases, enhancing its Bitcoin reserve efficiently. The company reported a net loss of $59.5 million for the fourth quarter, primarily due to a $112.2 million non-cash loss on digital assets. Gross margin decreased from 56% in the third quarter to 53% in the fourth quarter, indicating some pressure on profitability. The price of Bitcoin declined by approximately 23% during the fourth quarter, impacting the company's financial performance. Adjusted EBITA was negative, at $-77.6 million for the fourth quarter, reflecting challenges in achieving positive earnings. The company did not add any net new hash rate in the fourth quarter, focusing instead on optimization, which may limit immediate growth potential. Warning! GuruFocus has detected 3 Warning Signs with ABTC. Is ABTC fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on your dual strategy of acquiring Bitcoin in the market versus procuring more power, and any plans for 2026? A: (Unidentified_5) We focus on a multi-pronged strategy that includes Bitcoin mining, treasury management, and increasing Bitcoin adoption. In 2026, we aim to continue accumulating Bitcoin, ensuring it's accretive to shareholders, and exploring partnerships to enhance Bitcoin adoption. We believe in building during bearish markets when opportunities are cheaper. Q: Are there any plans to generate yield on your Bitcoin stack? A: (Unidentified_6) We are exploring traditional finance methods and decentralized applications for yield generation. However, our primary focus is protecting the underlying Bitcoin stack. We...

American Bitcoin, the Nasdaq-listed miner backed by US President Donald Trump’s sons, is facing its first major market stress test. For months, the industry has watched as the Trump family traded real estate headlines for blockchain ventures, promising to turn the U.S. into the "crypto capital" of the planet. It was a pivot that felt like a sure bet when prices were hitting six figures, but the reality of the public markets is starting to bite back. Investors who piled into the Trump-backed "American Bitcoin" project during its high-profile Nasdaq debut are now getting a lesson in crypto volatility. Related: What is Bitcoin mining? Explained American Bitcoin (Nasdaq: ABTC) was launched on March 31, 2025, through a partnership between Miami-based miner Hut 8 and investors including Eric Trump and Donald Trump Jr. Hut 8 merged the majority of its mining operations for an 80% stake in American Data Centers, which was relaunched as American Bitcoin. The move was part of a broader Trump family pivot into crypto, spanning Bitcoin mining, treasury accumulation strategies and the launch of World Liberty Financial in September 2024, a Trump-linked stablecoin venture. At the time, Donald Trump Jr. said: American Bitcoin later moved toward public markets via an all-stock merger with Gryphon Digital Mining. Following its listing, Eric Trump said in a press release on September 16, 2025: Trump imposes major global tariffs after Supreme Court's decision Rich Dad Poor Dad buys Bitcoin again Viral AI agent bans ‘Bitcoin,' ‘crypto’ mentions On February 26, 2026, American Bitcoin reported fourth-quarter and full-year 2025 results. Eric Trump said in the earnings release: For the three months ended December 31, 2025, the company posted a net loss of $59.45 million, compared with a $3.48 million profit in the prior-year period Quarterly revenue rose to $78.3 million, up from $64.2 million a year earlier, but fell short of analysts’ expectations of $79.6 million, Reuters reported. Bitcoin fell nearly 23% during the quarter, weighing on mining economics and the valuation of coins held on the balance sheet. Luxury watchmaker reveals suprising new feature Another crypto company files for Chapter 11 bankruptcy Major crypto platform shuts shop amid 'extreme fear' in market For the full year, American Bitcoin reported a net loss of $153.2 million, driven primarily by a $227.1 million...

Trump family-linked Bitcoin mining company American Bitcoin (NASDAQ: ABTC) released its fourth-quarter and full-year financial results on Thursday, recording $78.3 million in quarterly revenue for a 22% increase over the previous quarter. American Bitcoin’s total revenue for 2025 reached $185.2 million following an expansion of its bitcoin mining fleet to 78,000 machines worth 25 EH/s by year’s end, of which 21.9 EH/s were operational at the close of 2025. American Bitcoin’s mining fleet has an efficiency rating of 16.3 J/TH. American Bitcoin netted $150.5 million from its stock issuance program during the fourth quarter, and its general and administrative expenses fell from 13% of revenue in the third quarter to 9% by the end of the year. The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis. Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts. Full-year adjusted earnings before interest, taxes, depreciation, and amortization came in at negative $157.3 million. American Bitcoin, which is a pure-pay bitcoin mining company with no AI/HPC business lines, mined 1,654 bitcoin throughout the year, with 783 generated during the final three months. Mined production accounted for roughly 33% of the overall holdings. Management acquired the remaining 67% through stock sales and strategic transactions. American Bitcoin’s bitcoin treasury grew from zero at the beginning of Q2 2025 to 5,401 bitcoin by the end of December, and the company has surpassed 6,000 bitcoin as of Wednesday. “Our model is simple: secure Bitcoin through mining, accumulate it through our treasury strategy, and accelerate adoption through the ecosystem,” President Matthew Prusak doubled down on the Bitcoin treasury model. “Q4 demonstrated the engine is working.” This is in stark contrast to bitcoin mining veterans like Cipher (NASDAQ: CIFR) and Bitdeer (NASDAQ: BTDR) announcing the liquidation of all their Bitcoin reserves this week. Header image by Xuthoria via Creative Commons.

American Bitcoin said it has grown into a top public Bitcoin accumulator with roughly 5,400–6,000 BTC on its balance sheet and "Satoshis per share" up 49% sequentially to 554, reflecting its stated "dual accumulation" strategy of mining plus open‑market purchases. Management emphasized mining as a competitive edge — about 25 EH/s installed and ~16.3 J/TH efficiency, Q4 production of 783 BTC, cost per mined BTC down to ~$46.9k, and executives said they mined at roughly a 53% discount to spot during the quarter. Q4 revenue rose to $78.3M but the company recorded a $59.5M net loss driven mainly by a $112.2M non‑cash digital‑asset fair‑value adjustment; American Bitcoin also raised about $240M via its at‑the‑market program and says it will remain disciplined on capital allocation. Interested in American Bitcoin Corp.? Here are five stocks we like better. The Great Pivot: Bitcoin Miners Are Becoming AI’s Landlords American Bitcoin (NASDAQ:ABTC) executives used the company’s fourth-quarter and full-year 2025 earnings call to emphasize rapid balance-sheet growth, a low-cost mining strategy, and what management described as a “dual accumulation” model that combines Bitcoin mining with treasury purchases. Co-founder and Chief Strategy Officer Eric Trump said the company launched on March 31, 2025, went public on Sept. 3, and has grown into what he called one of the fastest-rising public Bitcoin treasury holders. Trump said American Bitcoin had “over 6,000 Bitcoin on the balance sheet” and described the company as the 17th-largest public Bitcoin accumulator, framing its strategy around “the race to accumulate the most Bitcoin” and doing so “at the lowest cost.” → Microsoft Is Sliding—An Insider Buy and Oversold Signals Are Changing the Setup Chief Executive Officer Michael Ho said that as of year-end the company held approximately 5,400 Bitcoin in reserve. Ho added that “Satoshis per share” ended the fourth quarter at 554, up from 371 at the end of the third quarter, a 49% sequential increase. He said the company’s focus is to build its Bitcoin reserve over time and improve per-share exposure. Ho also outlined what he called a “three-layer architecture” and “dual accumulation model,” with mining producing Bitcoin at a discount and treasury activities compounding the reserve through purchases and strategic transactions. As of Dec. 31, he said American Bitcoin held 5,40...