In contrast to broader industry trends, the bitcoin mining firm backed by the Trump family successfully reduced its cost per bitcoin mined by nearly a quarter within three months. American Bitcoin (ABTC) reported in a recent filing that it managed to lower its production costs to approximately $36,200 per bitcoin during Q1, marking a 23% decrease from $46,900 in the final quarter of 2025.
This achievement places ABTC significantly below the industry average cost for publicly listed miners, which was around $80,000 per bitcoin as of late 2025. This figure indicates that mining remains profitable at current bitcoin prices without sustaining a managed loss. The company attributed this cost reduction to increased production volume over a consistent fixed-cost base and what management described as “continued energy pricing discipline.”
The Drumheller site in Alberta, which commenced operations with miners in late March, contributed approximately 3.05 exahash of computational power, reflecting the number of guesses per second capable by the mining hardware to locate new bitcoins. The company’s total computing capacity reached 28.1 exahash at quarter-end, utilizing around 89,000 mining machines.
Despite these improvements, American Bitcoin recorded an $81.8 million net loss for the quarter, primarily due to mark-to-market accounting on its bitcoin holdings as prices fell by roughly 22%. Revenue was reported at $62.1 million, down from $78.3 million in Q4 2025, with a reduced average revenue per mined coin of $76,000 compared to $100,000 previously.
Excluding the non-cash bitcoin revaluation, the underlying mining operation remained profitable. The company augmented its strategic reserve by adding 1,620 bitcoins during the quarter, bringing total holdings to approximately 7,021 BTC—a 30% increase over three months. This included 817 from mining activities and 803 acquired through open-market treasury purchases. American Bitcoin is now ranked as the 16th largest publicly traded bitcoin holder globally.
Notably, this period contrasts with broader industry shifts where public miners have increasingly focused on AI and high-performance computing, securing more than $70 billion in contracts while reducing their bitcoin treasuries by over 15,000 BTC since late 2024 to fund these transitions. ABTC shares fell about 1% in after-hours trading, remaining nearly 90% below the listing peak of around $1.25 reached in September 2025.