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Wayne Jones

American Bitcoin Reports Nearly $82M Q1 2026 Net Loss After Mining Record 817 BTC

American Bitcoin (ABTC) released its Q1 2026 results earlier in the week, reporting a nearly $82 million net loss while producing a record 817 BTC. The company said it kept accumulating Bitcoin, ending March 31 with a 7,021 BTC reserve after also buying 803 BTC, and later raising the stash to about 7,300 BTC with an additional 300 BTC purchase. ABTC shares fell 8.4% to around $1.15 after the release, versus a 52-week high of $14.65.
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