American Bitcoin mined coins at $36,200 per coin in Q1 2026, reducing costs by 23% and recording a gross profit of 50%.
American Bitcoin (ABTC), a Bitcoin mining company backed by the Trump family, has reduced its cost per coin by 23% to about $36,200 in the first quarter of 2026, making it one of the lowest-cost public miners in the United States. The company reported a gross mining profit of over 50% with a net loss of $81.8 million, primarily due to $117 million in non-cash impairments on its Bitcoin holdings.
The cost improvement was driven by the spread of production growth across a stable fixed cost base, combined with what management called “continued energy price discipline.” The Drumheller site in Alberta went live in late March, adding approximately 3.05 exahash of computing power.
Comparison of American Bitcoin and fields
By the end of the quarter, the total fleet capacity of approximately 89,000 mining machines amounted to 28.1 Exahash. Co-founder and chief strategy officer Eric Trump has consistently framed the company’s strategy around scale and low-cost production, rather than the AI ax pursued by rivals.
“Increasing hashrate is one way we strengthen our position in Bitcoin,” President Trump said in a recent statement. Public miners signed AI infrastructure contracts totaling over $70 billion and reduced Bitcoin vaults by over 15,000 $BTC from late 2024 to fund the transition. American Bitcoin takes the opposite approach.
American Bitcoin added 1,620 Bitcoins to its strategic reserves this quarter, increasing its holdings to approximately 7,021 Bitcoins. $BTCan increase of 30% compared to the previous period. Of these, 817 were mined and 803 were purchased on the open market.
Economics of mining and what makes it cheap
U.S. miners are facing widespread pressure from rising tariffs on ASIC hardware from Southeast Asia and steel and copper used in mining containers. American Bitcoin’s electricity costs are low, estimated at well below $0.05 per kilowatt-hour at major sites, giving it a structural cost advantage over operators using older hardware and higher-cost electricity.
While Bitcoin prices hovered near $80,000 during the quarter, the margin of $36,200 per coin gives U.S. Bitcoin significantly more room to hold production rather than sell it, supporting a long-term treasury accumulation strategy.
