American Bitcoin Corp. (Nasdaq: ABTC) reported its third-quarter 2026 results, highlighting growth in its Bitcoin reserve through mining operations. The company increased its Satoshis Per Share by approximately 5%, from ~10,989 to ~11,572, and grew its Bitcoin holdings by ~425 Bitcoin, or ~5%, to ~8,427 Bitcoin. Despite seasonal power cost pressures, American Bitcoin mined ~891 Bitcoin in Q3 2026, generating ~$63.4 million in mining revenue.
CEO Mike Ho emphasized the company's disciplined approach, noting that it accumulated Bitcoin without issuing shares or purchasing Bitcoin during the quarter. He highlighted the structural discount to spot prices and the focus on long-term Bitcoin-per-share growth. Co-Founder and Chief Strategy Officer Eric Trump underscored the company's strategic position at the intersection of Bitcoin and American energy, delivering ~$126 million in net income and ~$221 million in Adjusted EBITDA.
The company's mining platform performance showed a gross profit of ~$25.8 million, representing a gross margin of ~41%, down from ~$33.0 million and ~49% in Q2 2026. The cost to mine one Bitcoin rose to ~$42,100 in Q3 2026, up from ~$36,500 in Q2 2026, primarily due to higher seasonal power costs. American Bitcoin's total owned fleet consisted of ~89,242 Bitcoin miners with ~28.1 EH/s of capacity as of quarter-end.
The company's Third Quarter 2026 Earnings Conference Call was held on Wednesday, November 4, 2026, at 4:30 p.m. ET. Additional materials and updates will be available on the company's website and official social media channels.