American Bitcoin Corp. announced a $57.2 million net loss for the second quarter on August 3, 2026. A $71.2 million impairment on digital asset holdings primarily drove the quarterly deficit. This impairment charge exceeded the company's total mining revenue for the period.
Quarterly revenue rose 8% to $67 million. The company achieved a record mining output of 932 BTC. Total Bitcoin holdings grew 14% to reach 8,002 BTC.
Adjusted EBITDA resulted in a $45 million loss. This figure represents an improvement from the $91.3 million loss reported in the previous quarter. The mining cost per coin remained stable at approximately $36,500. Hut 8 maintains majority ownership of the company.