American Bitcoin hoards 7,021 BTC as mining margin tops 50%

American Bitcoin Corp accumulated 7,021 BTC as of March 31, citing a 50% mining margin that lets it produce coins at roughly half the market price.

"American Bitcoin mines Bitcoin for approximately $57,000 to $58,000 per coin when BTC trades around $116,000," Eric Trump, co-founder of American Bitcoin, said.

The company reported gross mining margins of about 53% in Q4 2025 and maintained margins above 50% through Q1 2026. Its all-in sustaining cost dropped to around $36,200 per Bitcoin in Q1, a 23% decline from the prior quarter. Mining revenue reached $62.1 million in Q1 2026, up sharply year-over-year. ABTC added roughly 11,298 ASIC miners in April, bringing its fleet to about 89,242 machines with combined hashing power of 28.1 exahashes per second.

The strategy mirrors the approach popularized by Strategy (formerly MicroStrategy), but ABTC produces the asset it hoards, giving it a cost basis pure buyers cannot match. At $36,200 all-in cost versus a market price near $116,000, each coin held represents roughly $80,000 in unrealized profit. The company posted a net loss of $81.8 million in Q1, driven by non-cash accounting losses from declining Bitcoin prices during the quarter rather than operational failure.

The mining business generated $62.1 million in quarterly revenue with above-50% gross margins. The volatility sits in the balance sheet, where 7,021 BTC can swing the P&L by hundreds of millions of dollars depending on where Bitcoin closes at quarter end. At $36,200 all-in cost, ABTC has significant buffer before mining becomes unprofitable.

This article is for informational purposes only and does not constitute investment advice.