American Bitcoin Holdings Top 8,000 BTC After Record Q2 Production

American Bitcoin accelerates accumulation after record mining quarter, tops 8,000 BTC American Bitcoin — the Trump family–backed miner — boosted its crypto treasury to roughly 8,002 BTC (about $512 million) at the end of June, the company said Monday, following a record second quarter that produced 932 BTC. The gain represents roughly a 14% increase from the approximately 7,021 BTC it held at the end of March and underscores the firm’s strategy of large-scale mining paired with long-term accumulation. Key numbers and performance - Bitcoin holdings: ~8,002 BTC as of June 30, up ~14% from ~7,021 BTC on March 31. - Q2 production: 932 BTC — the company’s highest quarterly yield since launching in September. - Mining revenue: $67.0 million in Q2, up from $62.1 million in Q1. - Cost to mine one Bitcoin: roughly $36,500 (held relatively steady despite higher energy costs). - Gross margin: about 50%, even as the average Bitcoin price fell roughly 12% from the prior quarter. - Net loss: $57.2 million in Q2, an improvement from a $81.8 million loss in Q1. “We view Bitcoin as a growing capital asset and believe its long-term compounding will outperform our cost of capital,” CEO Mike Ho said, noting that the company focused on controllable metrics — production, reserve growth and operational foundation — despite Q2 headwinds. Growth narrative and leadership comments Co-founder and Chief Strategy Officer Eric Trump framed the quarter as proof of rapid execution: “A little over a year ago, American Bitcoin was just an idea. Today, we hold more than 8,000 Bitcoin, operate one of the world’s largest Bitcoin mining platforms, and just delivered our highest quarterly production on record.” He reiterated the company’s goal to “deliver relentless growth, quarter after quarter.” Corporate backdrop and recent volatility The update arrives after a rocky stretch for the miner. In March the company said it had surpassed 7,000 BTC less than seven months after its Nasdaq debut, even as its share price hit post-IPO lows and remained roughly 94% below its peak. In May, American Bitcoin reported an $82 million Q1 net loss while expanding its treasury to more than 7,300 BTC and growing its mining fleet to nearly 90,000 machines — a quarter the company said was made to look worse by accounting rules tied to Bitcoin’s price. In July the company executed a 1-for-15 reverse split to regain Nasdaq compliance after another dip in its stock price amid a broader selloff in crypto-related equities. Executive transition and industry view Also on Monday, President and interim CFO Matt Prusak announced he will leave American Bitcoin to join AI and energy infrastructure developer Giga Energy as chief business officer and interim CFO. In a blog post, Prusak said the industry’s primary constraint is shifting from mining hardware to power infrastructure capable of supporting both mining and AI data centers: “Giga has more opportunity than any company can pursue at once,” he wrote, describing his new role as identifying high-leverage opportunities and building the necessary execution machinery. Looking ahead Despite recent market turbulence and management changes, CEO Mike Ho emphasized the company’s operational focus: “American Bitcoin is, at its core, an operating business — we generate Bitcoin through scaled infrastructure rather than simply holding it on a balance sheet. Looking ahead, we are focused on deepening that infrastructure advantage, strengthening our balance sheet position, and compounding Bitcoin per share so that the work we do today translates into durable value for our shareholders across market cycles.” The quarter highlights American Bitcoin’s push to convert scaled mining operations into a growing Bitcoin treasury, even as market prices and stock sentiment remain volatile.