Eric Trump’s American Bitcoin reports $82 million loss in Q1 amid ‘record’ mining production
The Block
American Bitcoin reported an $81.8 million Q1 loss driven by asset revaluations, despite achieving record Bitcoin mining production and increased treasury holdings.Summary
American Bitcoin (ABTC) reported an $81.8 million net loss for Q1 2026, largely attributed to a $117.2 million non-cash impairment charge on its Bitcoin holdings due to a 22% price drop. Despite the net loss, the company achieved its highest-ever quarterly production of 817 BTC and increased its total treasury to 7,021 BTC. CEO Mike Ho noted that the underlying business remained profitable when excluding non-cash mark-to-market adjustments, and the firm improved its mining efficiency by reducing costs per coin to $36,200.
(Source：The Block)