American Bitcoin
Mines Bitcoin with ASIC fleets while building a strategic Bitcoin reserve.
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Profile
Uses ASIC mining to earn Bitcoin while accumulating a strategic reserve. Hut 8 retains majority ownership and supplies hosting and operating services, making the business closely tied to its facilities and support network.
ASIC miners power a Bitcoin-mining business designed to build a strategic reserve. The company emerged from Hut 8’s contribution of its ASIC fleet and became publicly traded through Gryphon Digital Mining’s stock-for-stock merger.
Mining machines are hosted at Hut 8-managed sites in New York, Texas, and Alberta. Hut 8 also provides management, strategy, compliance, and operating services, while American Bitcoin owns the miners.
Hut 8 retains majority ownership, and the organization reported a small direct workforce supported by a Shared Services Agreement. Its operating model depends on Hut 8 continuing to allocate hosting capacity and provide contracted services.
Company facts
Categories
Key statistics
Year to date −71.2% · Average volume (30d) 1.6M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | −$0.07 | −$0.80 | −1,085.2% | $64.8M | $67.0M | +3.5% | +5.98% |
| May 6, 2026Q1 FY26 | $0.08 | −$1.20 | −1,700.0% | $74.8M | $62.1M | −17.0% | −7.20% |
| Feb 26, 2026Q4 FY25 | $0.15 | $0.23 | +50.0% | $79.6M | $78.3M | −1.7% | −5.56% |
| Nov 14, 2025Q3 FY25 | $0.23 | $0.06 | −74.0% | $79.6M | $64.2M | −19.4% | +3.91% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.3M | $1.4M | $64.2M | $78.3M | $62.1M | $67.0M | |
| Gross profit | $687.0K | −$746.0K | $20.7M | $41.6M | $32.5M | $33.0M | |
| Operating income | −$135.0M | −$2.4M | $17.9M | −$104.6M | −$118.2M | −$74.1M | |
| Net income | −$100.6M | −$5.3M | $3.5M | −$59.5M | −$81.8M | −$57.2M | |
| Diluted EPS | −$1.65 | −$5.25 | $0.06 | −$0.91 | −$1.20 | −$0.80 | |
| Gross margin | 5.6% | -54.2% | 32.3% | 53.1% | 52.4% | 49.3% | |
| Operating margin | -1,093.8% | -176.6% | 27.9% | -133.6% | -190.3% | -110.5% |
Fiscal years (4-quarter sums)FY21 $18.1M · FY22 $13.6M · FY23 $65.0M · FY24 $40.3M · FY25 $156.3M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $18.4M · Total debt $76.2M · Total assets $1.31B · Shareholders' equity $672.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 72.92M · Float 66.60M · 91.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Justin Mateen · director | 540.6K | 0.74% | Form 4 | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | Justin Mateen | director | +162,438 | $6.19 |
| Aug 5, 2026 | Justin Mateen | director | +144,543 | $6.40 |
| Jun 15, 2026 | Richard Busch | director | +450,000 | $0.8700 |
| Mar 5, 2026 | Richard Busch | director | +68,000 | $1.15 |
| Mar 3, 2026 | Richard Busch | director | +240,000 | $0.9600 |
Peers
- MARA
Large-scale Bitcoin mining and a substantial Bitcoin holdings base
- Riot Platforms
Facility-based Bitcoin mining with power and hashrate scale
- CleanSpark
Bitcoin mining and retained-Bitcoin holdings strategy
- IREN
Bitcoin mining alongside AI Cloud Services
- TeraWulf
Bitcoin-mining and HPC-optimized data-center operator
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Bitcoin | $7.82 | +1.76% | $560.7M | — | 439.1 | 2.1 | +4,766.7% |
| MARA | $10.68 | +0.19% | $4.07B | — | — | 5.1 | −26.7% |
| Riot Platforms | $18.96 | −0.16% | $7.18B | — | — | 10.6 | +13.9% |
| CleanSpark | $11.65 | −0.08% | $2.99B | — | — | 4.4 | −30.5% |
| IREN | $35.60 | +0.46% | $12.65B | — | — | 16.7 | −26.8% |
| TeraWulf | $15.43 | +0.42% | $7.61B | — | — | 46.0 | −6.0% |
| Median | — | — | 10.6 | −26.7% |