Trump family-backed American Bitcoin's costs dropped 23% in Q1 as mining industry pivots to AI
By Shaurya Malwa
Published on May 7, 2026.
The Trump brothers' bitcoin mining venture, American Bitcoin (ABTC), saw its costs per coin drop by 23% in Q1, according to a filing. The company attributed this decrease to higher production volume and consistent energy pricing discipline. Despite this, ABTC posted an $81.8 million net loss for the quarter, largely due to mark-to-market accounting on its bitcoin holdings as the price dropped by 22%. The company added 1,620 bitcoin to its strategic reserve in Q2, bringing its holdings to roughly 7,021 BTC, a 30% increase in three months.
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