American Bitcoin (ABTC) reported FY 2025 revenue of USD 185.2 million and a gross margin of about 50%. ABTC posted a FY net loss of USD 153.2 million and FY Adjusted EBITDA of USD -157.3 million, which the company said was primarily driven by a USD 227.1 million non-cash mark-to-market loss on Bitcoin tied to a FASB-required fair value accounting adjustment. For Q4 2025, ABTC reported revenue of USD 78.3 million (up about 22% QoQ) and a gross margin of 53%, which the company said implied it mined Bitcoin at a 53% discount to spot prices during the quarter. Q4 net loss was USD 59.5 million and Q4 Adjusted EBITDA was USD -77.6 million. ABTC also reported USD 150.5 million of gross proceeds from its at-the-market program in Q4. Operationally, ABTC said it grew Bitcoin holdings to 5,401 Bitcoin at year-end 2025 (including 2,776 Bitcoin pledged or otherwise collateralized) and to more than 6,000 Bitcoin as of its most recent announcement, and increased satoshis per share by 49% to 554 as of December 31, 2025. From the beginning of Q2 2025 through year-end, ABTC mined 1,654 Bitcoin, including 783 Bitcoin in Q4, and ended 2025 with installed capacity of about 25.0 EH/s across about 78,000 ASICs (about 21.9 EH/s operational) with average fleet efficiency of about 16.3 J/TH, supported by its Hut 8 partnership.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Bitcoin Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202602260630PR_NEWS_USPR_____FL96197) on February 26, 2026, and is solely responsible for the information contained therein.
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