Eric Trump’s Miner American Bitcoin Tops 7,300 BTC

TLDR

• American Bitcoin increased its Bitcoin holdings to more than 7,300 BTC valued at about $592 million.
• The company produced 817 Bitcoin in Q1 2026, marking its strongest quarterly output to date.
• American Bitcoin also purchased around 803 Bitcoin during the quarter to expand reserves.
• Total Bitcoin reserves grew by roughly 1,600 BTC in a single quarter.
• Satoshis per share rose to about 663, reflecting a 20% increase.

American Bitcoin Corp. expanded its Bitcoin reserves beyond 7,300 BTC after a record production quarter. The Nasdaq-listed miner valued its holdings at about $592 million. Co-founder Eric Trump confirmed the figures and said the company maintained its accumulation strategy.

American Bitcoin Expands Holdings and Production

American Bitcoin began building its Bitcoin position in mid-2025 and accelerated purchases in early 2026. The company now ranks as the 16th largest corporate Bitcoin holder. Eric Trump said, “Our Bitcoin accumulation strategy remained intact despite a challenging market environment.”

During Q1 2026, the company produced about 817 Bitcoin, its strongest quarterly output. It also acquired around 803 Bitcoin through targeted purchases. Total reserves grew by roughly 1,600 Bitcoin during the quarter.

The company reported that Bitcoin price declined about 22% quarter over quarter. Despite weaker prices, American Bitcoin continued expanding its balance sheet. It confirmed that satoshis per share rose to about 663, up nearly 20%.

Management linked the increase in satoshis per share to faster Bitcoin growth than share count expansion. The company said this metric reflects shareholder exposure to Bitcoin reserves. It maintained that production and purchases supported reserve growth.

Operational Gains Lift Efficiency and Capacity

American Bitcoin reduced its mining cost per Bitcoin to about $36,000 in Q1 2026. The figure marked a 23% decline from the previous quarter. The company attributed the drop to improved fleet efficiency and cost control.

Mining gross margins held near 52% despite lower Bitcoin prices. Revenue reached about $62 million compared with $78 million in Q4 2025. The company reported a net loss of roughly $82 million for the quarter.

American Bitcoin expanded its owned fleet to about 89,242 miners. Total capacity reached around 28.1 EH/s, up nearly 12% from the prior quarter. The company energized new capacity at its Drumheller site.

The Drumheller expansion added about 3.05 EH/s from next-generation miners. Following deployment, operational hashrate reached roughly 25.0 EH/s. The company confirmed that this level reflects continued scaling of its mining platform.

American Bitcoin stated that it will continue operating its expanded fleet. It also confirmed that reserve totals exceeded 7,300 BTC at quarter’s end. Eric Trump reiterated that the company remains focused on disciplined growth.

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