American Bitcoin Corp. reported second-quarter 2026 results with revenue of $67M, up from $30.3M a year earlier, while the company posted a net loss of $(57.2)M and diluted EPS of $(0.80) for the quarter — a sharp swing from prior-year profitability. Higher production and expanded mining capacity drove revenue growth, while increased energy, depreciation and site activation costs weighed on results.

Financial Highlights

  • Revenue: $67.0M for Q2 2026, compared with $30.3M in the year-ago quarter (121.3% YoY).
  • Net income: Net loss of $(57.2)M for Q2 2026, versus net income $3.4M in the year-ago quarter (turned negative YoY).
  • Diluted EPS: $(0.80) for Q2 2026, versus $0.06 in the year-ago quarter (decline YoY).

Business Highlights

  • Revenue growth to $129.1M year-to-date through June 30, 2026, was driven by expanded mining capacity and higher bitcoin production.
  • Fleet expansion added roughly 17.9 EH/s via Vega (Aug–Sep 2025) and Drumheller (Mar–Apr 2026) deployments, bringing total capacity to about 28.1 EH/s.
  • Bitcoin production increased to approximately 1,749 BTC YTD (Jun 30, 2026), though average revenue per BTC declined versus the prior year.
  • Maintained a strategic bitcoin reserve of roughly 8,000 BTC as of June 30, 2026, positioning the company among the larger public BTC treasury holders.
  • Operating results were materially affected by higher energy costs, increased depreciation from fleet upgrades, and site activations.

Original SEC Filing:

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