American Bitcoin (NASDAQ:ABTC) Issues Quarterly Earnings Results

American Bitcoin (NASDAQ:ABTC) posted its quarterly earnings results on Monday. The company reported ($0.80) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $67.01 million during the quarter. American Bitcoin had a negative return on equity of 30.20% and a negative net margin of 71.75%.

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

• Record production supported revenue growth: American Bitcoin mined 932 Bitcoin in Q2, up 14% sequentially, while revenue rose 8% to approximately $67 million despite a 12% period-end decline in Bitcoin’s price. Gross profit was approximately $33 million, with a 49% gross margin, and the company said its cost to mine remained broadly stable at about $36,500 per Bitcoin.
• Bitcoin reserves and ownership per share increased: The strategic reserve grew from 7,021 to 8,002 Bitcoin, primarily through mining and supplemented by roughly $4 million of at-market purchases; the company did not sell any reserve Bitcoin. Satoshis per share rose approximately 11% as holdings grew faster than shares outstanding.
• The company ended the quarter with nearly 90,000 owned miners and approximately 28.1 exahash per second of capacity, including about 3 exahash added when the Drumheller site reached full scale. Management also pointed to stable or declining network hash rate as other miners shift capacity toward AI data centers, which could support American Bitcoin’s production share.
• Expansion faces increasing infrastructure and market headwinds: Competition for power and suitable sites has intensified because of AI data-center demand, while the next Bitcoin halving will reduce block subsidies and summer conditions may pressure production economics. Management said it will prioritize economic output over simply maximizing uptime and has not provided specific expansion targets for the next 12–24 months.
• President and Interim CFO Matt Prusak will leave after August 4, with Head of Derivatives Paul Sachs becoming interim CFO. The transition is expected to be orderly, but the leadership change adds near-term execution risk.

American Bitcoin Stock Performance

Shares of NASDAQ:ABTC opened at $6.14 on Wednesday. The firm has a 50 day simple moving average of $9.48 and a 200 day simple moving average of $14.56. American Bitcoin has a 52 week low of $4.92 and a 52 week high of $217.80. The company has a market cap of $435.33 million, a PE ratio of -0.82 and a beta of 3.86.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Maxim Group set a $15.00 price objective on American Bitcoin and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Bitcoin in a research report on Wednesday, June 24th. Finally, Zacks Research raised American Bitcoin from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Institutional Trading of American Bitcoin

Hedge funds have recently modified their holdings of the business. Aptus Capital Advisors LLC acquired a new stake in shares of American Bitcoin in the fourth quarter worth $33,000. Kitching Partners LLC acquired a new position in American Bitcoin during the fourth quarter valued at $37,000. StoneX Group Inc. purchased a new stake in American Bitcoin in the 4th quarter worth about $38,000. Northwestern Mutual Wealth Management Co. lifted its stake in American Bitcoin by 2,718,000.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 27,181 shares of the company’s stock worth $46,000 after acquiring an additional 27,180 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in American Bitcoin during the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 10.21% of the company’s stock.

American Bitcoin Company Profile

Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp., is based in DENVER.