finance
American Bitcoin Reports Q1 2026 Results, Mining Cost Falls to $36,200 per Bitcoin
The Trump family-linked miner reported lower production costs, added 1,620 bitcoin to its holdings and expanded fleet capacity even as it posted an $81.8 million net loss driven by bitcoin price declines. American Bitcoin's core mining operations remained profitable excluding non-cash revaluations while many peers pivot toward AI.
May 7, 2:21 AM·2m read1 source
CoinDeskAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
American Bitcoin cut its cost to mine one bitcoin by 23 percent in Q1 2026 to roughly $36,200 from $46,900 in Q4 2025. The figure sits well below the publicly listed miner average of around $80,000 per bitcoin in late 2025 and the industry average cost of roughly $80,000 reported by CoinDesk. Mining at current bitcoin prices remains genuinely profitable at American Bitcoin's cost level.
The improvement came from spreading higher production volume across a stable fixed-cost base and continued energy pricing discipline, American Bitcoin management said. 05 exahash of computing power. 1 exahash by the end of Q1 2026, with around 89,000 mining machines running.
American Bitcoin filed its Q1 2026 results on Wednesday, May 6 or 7, 2026. 8 million net loss for the quarter, largely driven by mark-to-market accounting on its bitcoin holdings as the bitcoin price dropped roughly 22% during Q1 2026. 3 million in Q4 2025, reflecting an average revenue per coin mined of $76,000 versus $100,000.
Underlying mining business was profitable in Q1 2026 after excluding non-cash bitcoin revaluation. American Bitcoin added 1,620 bitcoin to its strategic reserve in the quarter, of which 817 came from mining and 803 came from open-market treasury purchases. Its bitcoin holdings reached roughly 7,021 BTC at the end of Q1 2026, a 30% increase from three months prior.
American Bitcoin is now the 16th largest publicly traded bitcoin holder globally. The Trump family-linked miner, also described as the Trump brothers’ mining venture, stands in contrast to most of its peers. Public miners have signed more than $70 billion in cumulative contracts for AI and high-performance computing and have reduced their bitcoin treasuries by over 15,000 BTC since late 2024.
