American Bitcoin mined cash at $36,200 every in Q1 2026, chopping prices 23% and posting a 50% gross margin.
American Bitcoin (ABTC), the Bitcoin mining firm backed by the Trump household, lower its value per coin 23% to roughly $36,200 within the first quarter of 2026, inserting it among the many lowest-cost public miners within the US. The corporate reported a gross mining margin above 50% alongside an $81.8 million web loss pushed largely by a $117 million non-cash impairment on its bitcoin holdings.
The advance in value got here from spreading greater manufacturing quantity throughout a secure fixed-cost base, mixed with what administration known as “continued vitality pricing self-discipline.” The Drumheller web site in Alberta, activated in late March, added roughly 3.05 exahash of computing energy.
How American Bitcoin compares to the sphere
Whole fleet capability reached 28.1 exahash by quarter-end throughout roughly 89,000 mining machines. Eric Trump, co-founder and chief technique officer, has persistently framed the corporate’s technique round scale and low-cost manufacturing somewhat than the AI pivot pursued by rivals.
“Scaling hashrate is among the methods we strengthen our place in Bitcoin,” Trump stated in a current assertion. Public miners have collectively signed greater than $70 billion in AI infrastructure contracts and decreased their bitcoin treasuries by over 15,000 $BTC since late 2024 to fund the transition. American Bitcoin is taking the other strategy.
American Bitcoin added 1,620 bitcoin to its strategic reserve within the quarter, pushing holdings to roughly 7,021 $BTC, a 30% improve from the prior interval. Of that, 817 got here from mining and 803 from open-market purchases.
Mining economics and what makes it low cost
US miners broadly face rising stress from surging tariffs on ASIC {hardware} from Southeast Asia and on metal and copper utilized in mining containers. American Bitcoin’s low electrical energy prices, estimated at effectively beneath $0.05 per kilowatt-hour at its key websites, give it a structural value benefit over operators on older {hardware} or higher-cost energy.
At $36,200 per coin towards a Bitcoin worth hovering close to $80,000 through the quarter, that margin offers American Bitcoin considerably extra room to carry somewhat than promote its manufacturing, supporting its long-term treasury accumulation technique.
