American Bitcoin Corp.

ABTC

NasdaqSmall CapFinancials

13F Pro Quality Score

44.0/100

Rank #1,937 of 2,961 stocks

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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

95.5/100

Profitability

8.5/100

Balance Sheet

7.9/100

Earnings Quality

9.3/100

Free Cash Flow

10.7/100

Institutional Flow

96.5/100

Revenue Scale

27.9/100

Dilution Risk

53.0/100

Price Chart

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What's Driving ABTC's Business? Latest 10-Q Breakdown

AI-extracted from the 10-Q filed 2026-08-03 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Biggest Revenue Drivers

Bitcoin mining revenue$67.0M+121% YoY

Increased Bitcoin production to 932 BTC mined (vs. 308 BTC prior year) from Vega site deployment (14.86 EH/s added Aug-Sep 2025) and Drumheller site deployment (3.05 EH/s added Mar-Apr 2026), offset by lower average revenue per BTC at $71,932 vs. $98,425.

Biggest Revenue Drivers

Total revenue: $67.0M+121% YoY

Bitcoin mining revenue$67.0M+121% YoY

Largest Expense Items

Loss on digital assets$71.2Mvs. $3.0M gain prior year

Bitcoin fair value declined from $68,222 to $59,847 during the quarter; mark-to-market revaluation under ASU 2023-08.

General and administrative expenses$7.7M+111% YoY

$1.6M increase in salaries/benefits from headcount growth, $1.5M increase in insurance for standalone public company, $0.8M stock-based compensation.

Watch Items from the Filing

Bitcoin price volatility: Bitcoin holdings of 8,002 BTC valued at $478.9M are subject to mark-to-market revaluation each period; Q2 2026 price decline from $68,222 to $59,847 alone created $71.2M loss.
Dependence on Hut 8 for operations: All Bitcoin miners located exclusively at Hut 8 facilities under Exclusivity Agreement; Q2 2026 Hut 8 colocation and hosting fees $31.7M (47% of cost of revenue).
Bitmain Bitcoin pledges: 3,090 BTC (38.6% of total holdings) pledged as collateral for miner purchases; $371.7M miner purchase liability reflects obligation to redeem or forfeit pledged Bitcoin.
Related party DOJ settlement: Settled PPP Loan repayment claim with DOJ for $2.5M in July 2026 (post-quarter) with no admission of liability; Gryphon (pre-merger entity) alleged wrongful receipt of $2.2M PPP Loan.
Negative Adjusted EBITDA: Q2 2026 Adjusted EBITDA of ($45.0M) vs. $15.2M positive prior year; first full quarter after Drumheller energization shows operations unprofitable on EBITDA basis.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →