Eric Trump co-founded crypto mining company American Bitcoin Corp. (ABTC) has increased its Bitcoin holdings to more than 7,300 BTC. The company’s Bitcoin reserves are worth around $592 million at current market prices.
American Bitcoin began collecting Bitcoin in mid-2025 and has quickly become one of the biggest corporate Bitcoin holders in the world. The company is continuing to grow its crypto investments even during market ups and downs.
ABTC mainly earns Bitcoin through mining operations and also buys additional Bitcoin to increase its reserves. The company said it remains focused on its long-term Bitcoin strategy and plans to expand its mining business further in the coming months.
Record Bitcoin Production in Q1 2026
American Bitcoin achieved its best mining performance in the first quarter of 2026. During the quarter, the company mined around 817 Bitcoin, making it its highest quarterly production so far. The strong output showed major growth in the company’s mining operations and overall performance.
Along with mining new Bitcoin, the company also bought nearly 803 BTC through strategic purchases. These additional investments helped American Bitcoin grow its total Bitcoin reserves much faster.
By combining mined Bitcoin and purchased Bitcoin, the company added close to 1,600 BTC to its holdings in just three months. This rapid growth highlights the company’s aggressive strategy to increase its Bitcoin reserves and strengthen its position in the crypto mining industry despite ongoing market volatility.
Strategic BTC Purchases Boost Reserves
American Bitcoin continued growing its Bitcoin reserves even during a difficult market period. Although Bitcoin prices dropped by nearly 22% in the quarter, the company kept buying and holding more BTC as part of its long-term strategy.
The company believes that increasing Bitcoin holdings will create more value in the future. It also reported a nearly 20% rise in “satoshis per share,” which means shareholders now have greater Bitcoin exposure through the company.
This shows that American Bitcoin remains confident in the future of Bitcoin and plans to continue expanding its crypto reserves over time.
Mining Costs Drop Significantly
American Bitcoin reduced its Bitcoin mining costs during the first quarter of 2026. The company said the average cost to mine one Bitcoin fell to around $36,000, which was nearly 23% lower than the previous quarter.
This improvement came from better mining machine performance, lower operating expenses, and improved energy efficiency. The company also focused on controlling costs while expanding its mining operations.
Lower mining costs helped American Bitcoin maintain strong profit margins even as Bitcoin prices declined during the quarter.
The company believes its improved efficiency and upgraded mining equipment will continue supporting long-term growth and stronger production results in the future.
Revenue Faces Pressure From Lower Bitcoin Prices
American Bitcoin reported quarterly mining revenue of around $62 million in Q1 2026. In the previous quarter, the company earned nearly $78 million. The revenue decline was mainly caused by lower Bitcoin prices in the market, not because of reduced mining activity.
Even though the company produced strong mining results, it still recorded a net loss of about $82 million during the quarter.
American Bitcoin continued to maintain solid mining performance with gross profit margins of nearly 52%. The company said better mining efficiency and lower operating costs helped support its business during a difficult period for the crypto market.
Mining Fleet and Hashrate Continue Growing
American Bitcoin kept expanding its mining operations during the quarter. The company increased its total number of mining machines to about 89,242 units. With this expansion, its overall computing power, known as hashrate, also grew to around 28.1 EH/s.
This means the company is now able to mine Bitcoin faster and more efficiently than before. The growth of around 12% compared to the previous quarter shows that the company is actively investing in its mining infrastructure.
Overall, this expansion highlights its strong focus on increasing production capacity and staying competitive in the Bitcoin mining industry.
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Expansion at Drumheller Site Strengthens Operations
ABTC expanded its mining operations at the Drumheller facility by adding new, advanced mining machines. These modern machines increased the company’s total mining power by about 3.05 EH/s, improving overall performance and efficiency.
After this upgrade, the company’s total operational hashrate rose to nearly 25 EH/s, showing strong growth in its mining capacity. This expansion helps ABTC mine Bitcoin faster and more efficiently while strengthening its position among leading global Bitcoin mining companies.
The move reflects the company’s ongoing effort to scale operations and stay competitive in the fast-growing crypto mining industry.
Company Pushes Long-Term Bitcoin Strategy
American Bitcoin Corp., co-founded by Eric Trump, is focused on a long-term strategy of growing its Bitcoin holdings and mining operations. Even though the market has seen price drops and the company faced some revenue pressure, it continues to stay committed to expanding its business.
The firm believes in building strong Bitcoin reserves over time instead of reacting to short-term changes in the market. It is also improving mining efficiency to reduce costs and increase output. Overall, the company aims to keep growing its crypto mining capacity and strengthen its position in the Bitcoin industry.
