The reported holdings embody roughly 3,090 Bitcoin pledged underneath agreements with BITMAIN for miner purchases.
Satoshis Per Share, the corporate’s measure of Bitcoin attributable to every excellent widespread share, rose roughly 5%, from about 10,989 to 11,572 over the identical interval. The calculation multiplies Bitcoin holdings by 100,000,000 satoshis per Bitcoin and divides the end result by excellent widespread shares.
The share counts utilized in that metric replicate the corporate’s 1-for-15 reverse inventory cut up, efficient July 2, 2026.
American Bitcoin’s Q3 outcomes present strain on mining margins
Bitcoin mining income fell to roughly $63.4 million in Q3 2026 from about $67.0 million in Q2. Manufacturing additionally declined, with roughly 891 Bitcoin mined versus about 932 within the previous quarter.
The third-quarter output represented roughly 21% of all Bitcoin the corporate had mined since its March 31, 2025 launch. Income per Bitcoin mined decreased to about $71,100 from roughly $71,900.
Gross revenue fell to roughly $25.8 million from about $33.0 million, whereas gross margin narrowed to roughly 41% from roughly 49%. American Bitcoin attributed a part of that strain to larger seasonal energy prices at its websites.
These prices additionally primarily drove the rise in the fee to mine every Bitcoin: roughly $42,100 in Q3, in contrast with about $36,500 in Q2.
At quarter-end, the corporate owned roughly 89,242 Bitcoin miners with about 28.1 EH/s of capability.
Revenue returns as capital administration helps accumulation
American Bitcoin moved from a web lack of roughly $57.2 million in Q2 to web revenue of about $126 million in Q3. Adjusted EBITDA elevated to roughly $221 million from a lack of about $45.0 million.
The unaudited statements present a $197.340 million achieve on digital property in Q3, in contrast with a $71.178 million loss in Q2. In addition they present a $64.276 million loss on derivatives, versus an $18.315 million achieve within the previous quarter.
Adjusted EBITDA is a non-GAAP measure. The corporate’s reconciliation adjusts web revenue for taxes, depreciation and amortization, derivatives, warrant-liability features and stock-based compensation, amongst different specified objects.
American Bitcoin offered a part of its mining manufacturing to pay working prices whereas persevering with to increase its reserve. It reported no share issuance by its ATM program and no Bitcoin purchases through the quarter.
Management emphasizes Bitcoin-per-share progress
Chief Govt Officer Mike Ho offered American Bitcoin’s Q3 outcomes as proof of its concentrate on disciplined accumulation. He mentioned the enterprise continued mining Bitcoin under spot costs regardless of seasonal power-cost strain, and emphasised working flexibility and capital allocation that help long-term Bitcoin-per-share progress.
“Our third-quarter outcomes display our dedication to constructing a disciplined, Bitcoin-denominated working enterprise,” Ho mentioned.
Co-Founder and Chief Technique Officer Eric Trump described the outcomes as important in a difficult digital asset market. He framed the corporate’s long-term technique round Bitcoin and American vitality, expressing his perception that its place connects these two industries.
The corporate expects to publish supplemental monetary data and updates on its Bitcoin holdings and associated metrics by its web site and official social media channels.
Its third-quarter earnings convention name is scheduled for Wednesday, November 4, 2026, at 4:30 p.m. ET, with entry by reside webcast and phone.
Article produced with the help of synthetic intelligence and reviewed by the editorial crew.
