American Bitcoin Reports Q1 2026 Results, Mining Cost Falls to $36,200 per Bitcoin

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.

American Bitcoin (ABTC) is a publicly traded company. Its shares were down about 1% in after-hours trading on May 7, 2026. 25.

CoinDesk reported that the cost improvement and continued bitcoin accumulation occurred at a moment when most peers are toning down bitcoin-focused business and pivoting toward AI and high-performance computing.