Eric Trump’s Bitcoin miner holds over 7,300 BTC after record quarterly production
The firm saw a net loss of about $82 million in Q1 2026, largely driven by non-cash accounting losses tied to Bitcoin price declines.
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Add us on Google by Vivian Nguyen May. 7, 2026Nasdaq-listed Bitcoin miner American Bitcoin Corp. (ABTC) has increased its Bitcoin holdings to over 7,300 BTC, valued at approximately $592 million, according to co-founder Eric Trump.
In just over 8 months since our Nasdaq debut, @ABTC has rapidly scaled to 7,300+ Bitcoin, nearly 90,000 mining machines, and an amazing 52.4% gross margin. Today we rank as the #16 largest public Bitcoin treasury in the world — and we’re adding to our holdings every day.
In Q1… pic.twitter.com/YJEwQUkdB1
— Eric Trump (@EricTrump) May 6, 2026
American Bitcoin, which began accumulating Bitcoin in mid-2025, has quickly scaled its position and is now the 16th largest corporate Bitcoin holder. The company said in its first quarter report that its Bitcoin accumulation strategy remained intact despite a challenging market environment, with Bitcoin prices declining about 22% quarter over quarter.
During Q1 2026, the Bitcoin miner produced approximately 817 Bitcoin, its strongest quarterly output to date, while also acquiring about 803 Bitcoin through strategic purchases. That brought total reserve growth to roughly 1,600 Bitcoin in a single quarter.
At the same time, satoshis per share rose to approximately 663, up about 20%, reflecting faster Bitcoin accumulation relative to share count growth.
Operational efficiency also improved, with the cost to mine each Bitcoin falling to about $36,000, a roughly 23% decline from the prior quarter. Despite lower Bitcoin prices impacting revenue, mining gross margins remained strong at around 52%, supported by improved fleet efficiency and cost discipline.
Mining revenue came in at approximately $62 million versus $78 million in Q4 2025, with the decline driven primarily by weaker Bitcoin pricing rather than reduced production. The company reported a net loss of around $82 million in Q1.
On the infrastructure side, American Bitcoin expanded its total owned fleet to approximately 89,242 miners, reaching about 28.1 EH/s of capacity, up roughly 12% quarter over quarter.
The company also energized new capacity at its Drumheller site, adding about 3.05 EH/s from newly acquired next-generation miners.
Following deployment, operational hashrate reached approximately 25.0 EH/s, reinforcing the continued scaling of its mining platform.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
