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 million loss on digital assets—driven by Bitcoin’s 22% quarterly decline—was the largest expense driver.
Despite the loss, American Bitcoin mined a record 817 BTC in Q1 and purchased 803 BTC, bringing total holdings to 7,021 BTC as of March 31. Mining costs improved 23% to $36,200 per bitcoin, with gross margins remaining above 50%, as the company expanded capacity to 28.1 EH/s.
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