American Bitcoin (NASDAQ:ABTC) Posts Earnings Results, Misses Estimates By $0.09 EPS

06 May 2026, 19:38 by Scott Moore · The Cerbat Gem

American Bitcoin (NASDAQ:ABTC – Get Free Report) released its earnings results on Wednesday. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09), Zacks reports. American Bitcoin had a negative return on equity of 22.09% and a negative net margin of 46.41%.

Here are the key takeaways from American Bitcoin’s conference call:

Strategic reserve grew to 7,021 BTC (from 5,401 at year-end) after adding ~1,620 BTC in Q1 (817 mined + ~803 purchased), and satoshis-per-share rose ~20% to 663 (management says SPS is now >690), highlighting per‑share Bitcoin accumulation.
Cost to mine fell to about $36,200 per BTC (a ~23% improvement quarter‑over‑quarter from ~$46,900), enabling ~52% mining gross margin despite a ~22% drop in Bitcoin price.
Fleet expanded to nearly 90,000 miners and ~28.1 EH/s after the Drumheller site was fully energized on April 22, including the acquisition of ~11,298 next‑gen miners at ~13.5 J/TH to improve efficiency and future output.
Management says network difficulty declined (roughly mid‑single to low‑double digits Q/Q) as many miners reallocate capacity to AI, which the company views as a structural thinning of competition that should benefit scaled, focused Bitcoin miners like ABTC.
GAAP results were pressured by a significant non‑cash mark‑to‑market loss on held Bitcoin (~$117.2M) and sequential revenue fell to $62.1M from $78.3M due to lower prices, while share issuance (≈84M shares for ~$111M in Q1) continues to increase share count.

American Bitcoin Price Performance

Shares of ABTC traded up $0.02 during trading hours on Wednesday, hitting $1.25. 15,334,810 shares of the stock were exchanged, compared to its average volume of 14,391,664. The business has a 50-day moving average of $1.05 and a 200-day moving average of $2.17. American Bitcoin has a fifty-two week low of $0.77 and a fifty-two week high of $14.65. The firm has a market capitalization of $1.32 billion, a P/E ratio of -1.44 and a beta of 3.80.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ABTC. HC Wainwright initiated coverage on shares of American Bitcoin in a research report on Monday, February 2nd. They issued a “buy” rating and a $4.00 target price for the company. Zacks Research raised American Bitcoin from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Bitcoin in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.00.

Check Out Our Latest Report on American Bitcoin

Insider Activity at American Bitcoin

In other American Bitcoin news, Director Richard Busch acquired 240,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of $0.96 per share, with a total value of $230,400.00. Following the completion of the transaction, the director owned 1,240,975 shares in the company, valued at approximately $1,191,336. This trade represents a 23.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Justin Mateen bought 1,800,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $1.03 per share, for a total transaction of $1,854,000.00. Following the completion of the purchase, the director owned 2,524,975 shares of the company’s stock, valued at approximately $2,600,724.25. The trade was a 248.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 2,198,000 shares of company stock worth $2,266,100. 15.00% of the stock is owned by insiders.

Hedge Funds Weigh In On American Bitcoin

A number of hedge funds have recently modified their holdings of ABTC. Bank of America Corp DE purchased a new position in shares of American Bitcoin during the third quarter valued at about $61,000. NewEdge Advisors LLC purchased a new stake in shares of American Bitcoin in the third quarter worth $71,000. Dimensional Fund Advisors LP purchased a new position in shares of American Bitcoin in the 3rd quarter worth about $95,000. Integrated Wealth Concepts LLC purchased a new stake in shares of American Bitcoin during the third quarter valued at approximately $95,000. Finally, Aptus Capital Advisors LLC bought a new position in shares of American Bitcoin during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 10.21% of the company’s stock.

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