Key HighlightsStock price climbs 3.80% following Q2 results showing $67 million in revenue and record production levels.Company achieves milestone production of 932 BTC while Bitcoin treasury surpasses 8,000 BTC.Net loss of $57.2 million driven primarily by $71.2 million digital asset impairment charge.Gross mining profit totals approximately $33 million with margins holding steady around 49%.Approximately 39% of total Bitcoin holdings pledged as collateral in Bitmain equipment agreements.Shares of American Bitcoin Corp (ABTC) advanced 3.80% to reach $5.73 by 12:49 p.m. EDT following a fluctuating morning session. The cryptocurrency mining firm disclosed second-quarter revenue of $67 million alongside Bitcoin holdings that grew to roughly 8,002 BTC. Despite operational gains, a substantial $71.2 million digital asset impairment resulted in a net loss totaling $57.2 million for the period.American Bitcoin Corp, ABTCImpairment Charges Create Significant Quarterly LossAmerican Bitcoin recognized the digital asset impairment as an operating expense throughout the three-month period. While this charge decreased compared to the $117.2 million recorded in Q1, it still surpassed total mining revenues. Additionally, depreciation and amortization expenses contributed $28.2 million to the quarter’s total costs.Spending on general and administrative operations totaled $7.7 million, up from $6.9 million in the preceding quarter. A favorable derivatives gain of $18.3 million helped limit the pre-tax loss to $55.7 million. The final net loss showed improvement versus the $81.8 million deficit reported in the first quarter.The company’s adjusted EBITDA stood at negative $45 million, representing substantial progress from the negative $91.3 million figure in Q1. American Bitcoin calculates this non-GAAP metric by excluding depreciation, derivative impacts, equity-based compensation, and certain other items. This alternative measure supplements rather than replaces financial results prepared according to generally accepted accounting principles.Mining Operations Achieve All-Time High ProductionAmerican Bitcoin produced roughly 932 BTC during the quarter, marking the highest output level since commencing operations in March 2025. This figure represented growth from approximately 817 BTC mined in the first quarter. The latest quarter’s production accounted for roughly 26% of cumulative Bitcoin mined since the company’s operational launch.Total revenue grew 8% compared to $62.1 million in Q1, though revenue per Bitcoin decreased approximately 5%. Each coin mined generated around $71,900 in revenue, down from roughly $76,000 in the prior period. Bitcoin’s market price declined approximately 12% during the comparable timeframe.The company incurred production costs of about $36,500 per Bitcoin mined, slightly higher than the $36,200 reported previously. Increased energy expenditures at certain facilities contributed to the marginal rise. Nevertheless, the difference between revenue and direct mining costs yielded approximately $33 million in gross profit from mining activities.Company’s Bitcoin Treasury Crosses 8,000 ThresholdAmerican Bitcoin grew its Bitcoin holdings by approximately 981 BTC throughout the quarter. Total reserves expanded 14% from roughly 7,021 BTC to about 8,002 BTC by period end. The company’s satoshis per outstanding share metric increased 11% to reach approximately 10,989.Notably, around 3,090 BTC remained pledged as security under equipment financing arrangements with Bitmain. These encumbered assets accounted for nearly 39% of total Bitcoin reserves as of quarter-end. American Bitcoin maintains redemption options and continues to hold economic exposure to these pledged digital assets.Eric Trump serves as co-founder of American Bitcoin, with Hut 8 maintaining majority ownership. The operation controlled 89,242 mining machines representing 28.1 EH/s in total capacity, of which 58,999 active units delivered 25 EH/s. The company also activated 11,298 next-generation machines at Hut 8’s Drumheller facility in April. The post American Bitcoin Corp (ABTC) Stock: Q2 Results Show $67M Revenue Despite $57M Net Loss appeared first on Blockonomi.