American Bitcoin Corp (NAS:ABTC)

Q2 2026 American Bitcoin Corp Earnings Call Transcript

Aug 03, 2026 / 12:30PM GMT

Release Date Price: $5.85 (+5.98%)

Transcript 8-K10-Q

Key Points

Positve

Record quarterly Bitcoin production of 932 BTC, up 14% quarter-over-quarter.
Revenue grew 8% to $67 million despite a 12% decline in Bitcoin price.
Strategic reserve grew 14% to 8,002 BTC, with no Bitcoin sold during the quarter.
Satoshis per share increased 11% in Q2 and 170% since the Nasdaq listing.
Gross margin remained strong at approximately 49%, with cost per Bitcoin nearly flat at $36,500.

Negative

Bitcoin price declined 12% quarter-over-quarter, with a peak-to-trough drop of 28% during the quarter.
Gross margin compressed slightly to 49% from 52% in Q1 due to lower Bitcoin prices.
GAAP net loss of $57.2 million, driven by a $71.2 million loss on digital assets.
Increased competition for power from AI data centers is making site acquisition more challenging.
The upcoming Bitcoin halving will reduce block subsidies, potentially impacting future revenue.

Operator

Good morning and welcome to American Bitcoin's second quarter 2026 earnings call. Following prepared remarks, we will open the line for questions. As a reminder, this call is being recorded and a transcript will be made available on abtc.com.

Before we begin, please note that during this call, forward-looking statements will be made within the meaning of the federal securities laws. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially. For a detailed discussion of the risks and uncertainties that could cause actual results and events to differ, please refer to American Bitcoin's Filings. With the Securities and Exchange Commission, including the company's most recent annual report on Form 10-K for the fiscal year ending December 31, 2025, and its subsequent quarterly reports on Form 10-Q.

American Bitcoin undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances after the date of this call except as required by law.

During

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