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Trump-linked crypto mining firm American Bitcoin reported record production in the second quarter, with narrowed losses.

2026.08.03 20:00:54

US-listed bitcoin miner American Bitcoin has released its Q2 financial results. Driven by growth in mining output, the company posted a record-high quarterly production, rising revenue, and a narrower net loss compared to the prior quarter. Data shows the firm mined 932 bitcoins in Q2, lifting mining revenue by 8% year-over-year to $67 million, up from $62.1 million in Q1. Its net loss stood at $57.2 million, a sharp drop from $81.8 million in Q1. American Bitcoin was co-founded by Eric Trump and Donald Trump Jr., and is affiliated with the Trump family. Majority ownership of the company is currently held by crypto mining firm Hut 8. As of June 30, the company held roughly 8,002 BTC, and had pledged around 3,090 BTC as part of an agreement with Bitmain for the purchase of mining rigs. Per data from Bitcoin Treasuries, American Bitcoin ranked 16th among global companies holding bitcoin reserves at the time. Earlier, after its share price fell below Nasdaq’s minimum bid requirements, American Bitcoin completed a 1-for-15 reverse stock split in July to retain its listing status. The company’s stock closed down 6.4% last Friday at $5.52, and saw a minor rise in pre-market trading following the earnings release.

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