American Bitcoin reports Q1 revenue $62.12M vs. $78.32M in the previous quarter

Grew Bitcoin holdings from ~5,401 at December 31, 2025 to ~7,021 at March 31, 2026, up ~30% in a single quarter. Eric Trump, Chief Strategy Officer, said: “Just over a year ago, American Bitcoin (ABTC) did not exist. Today we hold over 7,300 Bitcoin and stand among the largest publicly traded Bitcoin companies in the world, supported by a fleet of nearly 90,000 miners. In Q1, we mined 817 Bitcoin at a 47% discount to spot, added more than 1,600 Bitcoin to our strategic reserve, and did so with strong margins that translated into meaningful operating income from our mining platform. This is exactly what we are built to do: accumulate Bitcoin efficiently and at scale. In just over eight months as a public company, we have become the 16th largest Bitcoin holder globally and scaled to more than 28 exahash of capacity. The compounding is accelerating.” CEO Mike Ho said: “Q1 2026 was a quarter of continued momentum in a resilient business under adverse market conditions. Bitcoin declined approximately 22% quarter-over-quarter, which drove significant non-cash headwinds through our GAAP financials. Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB, and the underlying business was profitable – and we did not sell a single coin. We continue to prioritize fleet efficiency, cost discipline, and capital allocation accretive to Bitcoin per share.”