American Bitcoin Builds Reserve, 38.6% Tied to Bitmain Purchase Agreements

American Bitcoin reported strong mining growth in Q2, producing approximately 932 BTC and contributing to an 8,002 BTC reserve by June's end.

The company recorded $67.015 million in revenue during the quarter, with mining accounting for around 95% of the reserve growth from March to June.

American Bitcoin used $129.111 million in cash and digital-asset purchases during the first half, with ATM sales generating $144.088 million in net proceeds.

The miner's unit-economics metric shows a cost of $36,500 per mined BTC, but this figure excludes depreciation-and-amortization charges.