American Bitcoin, the mining firm tied to former President Donald Trump, produced a record 932 bitcoin in the second quarter of 2026. The company said mining revenue rose 8% compared to the previous quarter, while its net loss narrowed. The results mark a turnaround for the miner, which has been working to scale operations and cut costs.
Record production
The 932 BTC mined in Q2 is the highest quarterly total in the company's history. American Bitcoin has been expanding its fleet of mining rigs and securing cheaper power deals, helping boost output even as the network's hashrate climbed. The firm did not disclose its total hashrate or the number of machines deployed.
Revenue and losses
Mining revenue increased 8% quarter-over-quarter, driven by the higher production and relatively stable bitcoin prices during the period. The company's net loss narrowed, though it did not provide a specific figure. American Bitcoin has been under pressure to show it can operate profitably after posting losses in previous quarters.
Trump ties and scrutiny
American Bitcoin was launched with backing from Trump allies and has drawn attention from regulators and critics. The company has said it operates independently of Trump's political activities. The record production comes as the broader mining industry faces headwinds from rising energy costs and the upcoming halving event in 2028.
American Bitcoin is expected to release its full Q2 financial report in the coming weeks. The company has not provided guidance for the third quarter, but the record output suggests its expansion plans are on track. Investors will be watching whether the miner can sustain the production growth and turn a profit.
