According to the official announcement from American Bitcoin (Nasdaq: ABTC), the company reported its financial results for the second quarter of 2026. Bitcoin production in Q2 reached a record high of 932 BTC, representing a 14% increase quarter-over-quarter. The company’s Bitcoin strategic reserve increased from 7,021 to 8,002 BTC. Mining revenue amounted to approximately $67 million, up 8% quarter-over-quarter, with an average mining cost per Bitcoin of about $36,500 and a gross margin maintained at approximately 50%. Despite a roughly 12% quarter-over-quarter decline in Bitcoin’s price, the company’s Satoshis Per Share (SPS) increased by approximately 11%, rising from 9,943 to 10,989. Additionally, the company completed full power-on of approximately 11,298 next-generation mining rigs in April, adding about 3.05 EH/s of new hash rate, bringing the total hash rate to 28.1 EH/s.
American Bitcoin Q2 2026 Report Shows Bitcoin Reserves Exceed 8,000
TechFlowShare
Summary
Bitcoin news from American Bitcoin’s Q2 2026 report shows strategic reserves increasing to 8,002 from 7,021. Bitcoin production reached 932, a 14% increase, with mining revenue at $67 million, up 8% quarter-over-quarter. The average mining cost per Bitcoin was $36,500, and the gross margin remained at 50%. Despite a 12% decline in Bitcoin’s price, SPS rose 11% to 10,989. The company activated 11,298 new miners in April, adding 3.05 EH/s to reach a total of 28.1 EH/s. Bitcoin analysis indicates strong operational growth despite market volatility.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.