📑 American Bitcoin's Treasury Tops 8,000 BTC on Record Q2 Mining
• American Bitcoin (Eric Trump-backed, majority-owned by Hut 8) grew its bitcoin treasury 14% to 8,002 BTC in Q2, after mining a record 932 BTC.
• Mining revenue rose 8% QoQ to $67M; satoshis per share climbed 11% to 10,989 despite a 3% rise in shares outstanding.
• The company posted a $57.2M net loss — narrower than Q1's $81.8M — driven mainly by unrealized bitcoin valuation losses, not operations.
• CEO Mike Ho: "We delivered our highest quarterly production on record... and strengthened the foundation of our business."
• Shares (ABTC) still fell 6.4% to $5.52 on the print, underscoring investor skepticism toward bitcoin-treasury miners even amid record output.
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