American Bitcoin Q2 Mining Output Surges 14% to 932 Coins

American Bitcoin mined 932 BTC in Q2, raising reserves to 8,002. Revenue hit $67M with 50% gross margin despite price drops.

Woofun AI reports that American Bitcoin delivered its second-quarter 2026 earnings, revealing a mining output of approximately 932 Bitcoin, which marks a new quarterly record. The firm’s total Bitcoin holdings expanded by roughly 14% to about 8,002 coins, while Satoshi per share climbed 11% to 10,989.

Mining revenue reached $67 million, an 8% quarter-on-quarter rise, maintaining a 50% gross margin despite a 12% decline in Bitcoin prices. The cost to mine one Bitcoin stayed near $36,500. The company recorded a net loss of $57.15 million and adjusted EBITDA of -$45.03 million, an improvement from the previous quarter. Hash rate stood at 28.1 EH/s across 89,200 machines, including 3.05 EH/s added from the Hut 8 Drumheller facility in April.