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American Bitcoin reports $57M Q2 loss as mining revenue hits $67M
['Editorial Team']
News Archives - Crypto Briefing
The Trump-linked Bitcoin miner keeps stacking sats despite hemorrhaging cash, growing its treasury to 8,002 BTCAmerican Bitcoin Corp posted a $57.2 million net loss in the second quarter of 2026, even as the company pulled in $67 million in mining revenue.
The numbers in contextQ2 was actually an improvement over Q1, when the company reported an $81.8 million net loss on just $62.1 million in revenue.
AdvertisementABTC’s Bitcoin holdings grew from over 7,000 BTC in March 2026 to 8,002 BTC by the end of June.
That 14% increase in a single quarter suggests the company is mining and holding rather than selling into the market to cover operational costs.
Rather than building infrastructure from scratch, ABTC leverages Hut 8’s existing mining facilities and operational expertise.