American Bitcoin Loss, the Nasdaq-listed miner backed by Eric Trump, reported an $81.7 million net loss for Q1 2026 despite strong year-over-year revenue growth. Revenue reached $62.1 million, surpassing last year’s figures but falling short of analyst estimates. The company outperformed earnings expectations, posting $0.08 per share against a projected $0.01 loss, as it increased Bitcoin production and lowered mining costs.
American Bitcoin Loss reported an $81.7 million net loss for its first quarter, according to its financial announcement. This result came despite the firm’s substantial revenue growth from the prior year.
Revenue for the quarter reached $62.1 million, a sharp increase from $12.3 million in the same period last year. However, this figure declined from the previous quarter’s $78.3 million and missed Wall Street expectations by nearly 17%.
The company posted earnings of $0.08 per share, outperforming analyst forecasts of a $0.01 loss per share. American Bitcoin Loss went public on the Nasdaq in September through its acquisition of Gryphon Digital Mining.
The firm’s shares fell 1.6% in extended trading following the report, dropping to around $1.23. The stock has declined nearly 26.5% year-to-date amid industry-wide challenges.
Bitcoin’s price has faced downward pressure after failing to reach its January high of $97,000. At press time, the cryptocurrency was trading at $80,782, creating a difficult profit environment for miners.
Operationally, the company mined a new high of 817 Bitcoins during the quarter, up from 783 in the preceding quarter. Its cost per Bitcoin mined also dropped significantly to $36,200 from $46,900 in Q4 2025.
American Bitcoin Loss attributed the cost reduction to increased production and lower energy costs, as stated in its financial release. The company enhanced its mining capacity in March by adding 11,298 new devices.
CEO Mike Ho emphasized the company’s strategic focus, stating, “American Bitcoin will continue to focus on being efficient, saving money, and growing our Bitcoin reserves.” He added, “We’ll only grow our mining capabilities when we see enough of a return on our investment.”
The report was released on the same day Hut 8 Mining Corp. announced over $253 million in net losses for its first quarter. This highlights the continued pressures within the crypto mining sector.
