American Bitcoin (NASDAQ:ABTC) Releases Quarterly Earnings Results

Posted by Brenda Bartman on Aug 3rd, 2026

American Bitcoin (NASDAQ:ABTC – Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.80) earnings per share for the quarter, Zacks reports. American Bitcoin had a negative net margin of 69.42% and a negative return on equity of 29.72%.

Here are the key takeaways from American Bitcoin’s conference call:

Record production supported revenue growth: American Bitcoin mined 932 Bitcoin in Q2, up 14% sequentially, while revenue rose 8% to approximately $67 million despite a 12% period-end decline in Bitcoin’s price. Gross profit was approximately $33 million, with a 49% gross margin, and the company said its cost to mine remained broadly stable at about $36,500 per Bitcoin.
Bitcoin reserves and ownership per share increased: The strategic reserve grew from 7,021 to 8,002 Bitcoin, primarily through mining and supplemented by roughly $4 million of at-market purchases; the company did not sell any reserve Bitcoin. Satoshis per share rose approximately 11% as holdings grew faster than shares outstanding.
The company ended the quarter with nearly 90,000 owned miners and approximately 28.1 exahash per second of capacity, including about 3 exahash added when the Drumheller site reached full scale. Management also pointed to stable or declining network hash rate as other miners shift capacity toward AI data centers, which could support American Bitcoin’s production share.
Expansion faces increasing infrastructure and market headwinds: Competition for power and suitable sites has intensified because of AI data-center demand, while the next Bitcoin halving will reduce block subsidies and summer conditions may pressure production economics. Management said it will prioritize economic output over simply maximizing uptime and has not provided specific expansion targets for the next 12–24 months.
President and Interim CFO Matt Prusak will leave after August 4, with Head of Derivatives Paul Sachs becoming interim CFO. The transition is expected to be orderly, but the leadership change adds near-term execution risk.

American Bitcoin Price Performance

ABTC stock opened at $5.52 on Monday. The company has a 50 day moving average price of $9.89 and a 200 day moving average price of $14.85. American Bitcoin has a fifty-two week low of $5.04 and a fifty-two week high of $217.80. The stock has a market capitalization of $391.38 million, a PE ratio of -0.74 and a beta of 3.81.

Institutional Investors Weigh In On American Bitcoin

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in shares of American Bitcoin during the third quarter valued at $61,000. NewEdge Advisors LLC bought a new position in American Bitcoin in the third quarter valued at about $71,000. Dimensional Fund Advisors LP acquired a new stake in American Bitcoin in the third quarter worth about $95,000. Integrated Wealth Concepts LLC acquired a new stake in American Bitcoin in the third quarter worth about $95,000. Finally, Aptus Capital Advisors LLC bought a new stake in American Bitcoin during the 4th quarter worth about $33,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on ABTC shares. Weiss Ratings reissued a “sell (d)” rating on shares of American Bitcoin in a research note on Wednesday, June 24th. Maxim Group set a $15.00 target price on American Bitcoin and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Zacks Research raised American Bitcoin from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, American Bitcoin presently has an average rating of “Hold” and an average price target of $45.00.

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