According to its Q1 2026 SEC filing released Wednesday, American Bitcoin reported an $81.8 million net loss, compared with $59.5 million in the prior quarter. Mining revenue declined to $62.1 million from $78.3 million in Q4 2025, while operating expenses reached $150.7 million. The primary driver was $117.2 million in digital asset losses, as Bitcoin fell 22% during the quarter.
Despite the loss, the company achieved record mining output of 817 BTC in Q1 and purchased 803 BTC for its treasury, bringing total holdings to 7,021 BTC as of March 31. CEO Mike Ho noted that excluding non-cash mark-to-market adjustments, the underlying business was profitable without selling any coins.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
John Bollinger Allocates Entire Tactica Fund to Bitcoin as BTC Breaks $82,000
According to John Bollinger, the legendary analyst and inventor of Bollinger Bands, his Bitcoin trend model turned positive yesterday (May 6), and he has allocated his entire Tactica crypto fund to Bitcoin with no cash reserves. Bitcoin surged above $82,000, marking a new high in several months,
GateNews14m ago
American Bitcoin Reports $81.8M Q1 Loss Amid Record 817 BTC Mining Production
According to its SEC filing on Wednesday, American Bitcoin (ABTC), the bitcoin mining firm co-founded by Eric Trump, reported an $81.8 million net loss in Q1 2026, compared with a $59.5 million loss in Q4 2025. Mining revenue fell to $62.1 million from $78.3 million previously, while a $117.2 millio
GateNews45m ago
Bitcoin Fails to Break 200-Day Moving Average, Retreats Below $81,000 on Wednesday
According to ChainCatcher, on Wednesday (May 6), Bitcoin failed to break above its 200-day simple moving average at approximately $83,300 and retreated below $81,000. Meanwhile, the broader crypto market weakened, with CoinDesk's smart contract platform index declining over 2% in the past 24 hours,
GateNews48m ago
