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
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.
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.
About American Bitcoin Corp. (ABTC): stock profile, AI score and financials
American Bitcoin Corp. (ABTC) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores ABTC at 44.7/100 on a composite quality score built from its SEC filings, placing it at rank #1,911 of 2,925 stocks — the bottom half of the AI-ranked universe. ABTC scores in the top quartile across revenue growth (98.2), institutional flow (96.4). Areas of concern include balance sheet strength (7.8) and earnings quality (8.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), American Bitcoin Corp. reports quarterly revenue of $67.0M, net income of $-57.2M, an operating margin of -110.5%. ABTC trades on the Nasdaq exchange and files with the SEC under CIK 1755953. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ABTC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for American Bitcoin Corp. directly from SEC EDGAR.