American Bitcoin Shares Plunge 92% Since Reverse Merger Amid Heavy Losses

Key Facts

1The Hut 8-owned mining company recorded over $288 million in net losses across 2025 and the first half of 2026.

2American Bitcoin shares have lost 92% of their value since the completion of the reverse merger.

American Bitcoin shares have lost 92% of their value since the completion of the reverse merger that took the company public. TokenPost reported that the mining entity, owned by Hut 8, recorded net losses exceeding $288 million throughout 2025 and the first half of 2026.

ABTC closed at $8.84 on September 28, 2026, while shares of the parent company HUT closed at $92.71 on the same date. The financial downturn follows a $150 million net loss in 2025 and an additional $138 million loss during the first six months of 2026, which the company attributed largely to the falling price of Bitcoin.