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

American Bitcoin (NASDAQ:ABTC) issued its quarterly earnings results on Wednesday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate 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 Stock Performance

Shares of NASDAQ ABTC traded up $0.02 during mid-day trading on Wednesday, reaching $1.25. 15,334,810 shares of the company’s stock were exchanged, compared to its average volume of 14,391,664. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -1.44 and a beta of 3.80. American Bitcoin has a 52-week low of $0.77 and a 52-week high of $14.65. The company’s 50-day moving average is $1.06 and its 200-day moving average is $2.15.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. HC Wainwright assumed coverage on American Bitcoin in a research report on Monday, February 2nd. They set a “buy” rating and a $4.00 price target for the company. Zacks Research upgraded American Bitcoin from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Bitcoin in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Bitcoin has a consensus rating of “Hold” and an average target price of $4.00.

Insiders Place Their Bets

In other American Bitcoin news, Director Justin Mateen purchased 1,800,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $1.03 per share, for a total transaction of $1,854,000.00. Following the acquisition, the director owned 2,524,975 shares in the company, valued at $2,600,724.25. This trade represents a 248.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Busch purchased 240,000 shares of the stock in a transaction dated 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 acquisition, 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 position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 2,198,000 shares of company stock valued at $2,266,100. Company insiders own 15.00% of the company’s stock.

Hedge Funds Weigh In On American Bitcoin

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

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.