40% of American Bitcoin Reserve Tied Up with Bitmain

American Bitcoin mined approximately 932 BTC in Q2 and ended June with an 8,002 BTC reserve. The miner's revenue for the second quarter was $67.015 million.

The company's cash flows do not show that its broader reserve strategy was self-funding. Its first-half operations used $63.795 million in cash, while digital-asset purchases cost another $65.316 million.

American Bitcoin raised $144.088 million through ATM sales of Class A shares during the first half. However, nearly 40% of its reserve is tied up with Bitmain due to miner-purchase agreements.