American Bitcoin expanded its reserves to 8,002 BTC following a record production of 932 BTC in the second quarter. During this period, the company's revenue grew by 8% to reach $67 million. However, the firm reported a net loss of $267.5 million for Q2, representing a fivefold increase compared to the loss registered during the same period last year.
The firm reported a sharp quarterly loss driven by digital asset devaluation and merger-related legal fees, despite an 89% revenue increase.
Read the full storyThe Bitcoin miner reported a net loss more than five times larger than the previous year as it shifts toward HPC development.
The mining firm produced 932 BTC in Q2 2026, pushing total holdings past the 8,000 mark as quarterly revenue grew by 8% to $67 million.