American Bitcoin Corp

American Bitcoin completed a 1-for-15 reverse stock split to lift its share price above Nasdaq's $1 minimum after shares fell to $0.56 following a 91% decline since its SPAC listing. The split will reduce outstanding shares from about 1.09 billion to roughly 73 million and the stock is expected to trade on a split-adjusted basis from July 6 at about $8.40. The miner, co-founded by Eric Trump and majority-owned by Hut 8, said the move prevents delisting but does not address underlying operational or market pressures that pushed the share price down. » Altro su finance.yahoo.com

American Bitcoin reported a 20.7% revenue decline to $62.1 million in Q1 2026, but produced a near‑record 817 BTC and reduced production cost per BTC to roughly $36,200, enabling a gross margin of 52%. The company holds about 7,021 BTC and pursues a three‑tier strategy of mining, Bitcoin accumulation, and building an integrated platform. A partnership with Hut 8 provides infrastructure capacity, while an ATM program of up to $2.1 billion would provide additional capital for Bitcoin purchases. Risks remain: a balance‑sheet loss on digital assets of $117.2 million, high price volatility, potential dilution, and dependence on Hut 8. » Altro su de.investing.com

American Bitcoin commissioned 11,298 new Bitcoin miners in Drumheller, expanding the company’s hashrate by about 3.05 EH/s at an efficiency of roughly 13.5 J/TH. The total fleet now comprises around 89,242 miners with about 28.1 EH/s (average efficiency ~16.0 J/TH); the operational fleet counts roughly 58,999 miners with approximately 25.0 EH/s (average efficiency ~14.1 J/TH). The company thus completes a fleet expansion announced at the start of the year; Eric Trump emphasizes that scaling the hashrate is intended to strengthen the market position. Analyst estimates see earnings of about $0.03 per share for the year, InvestingPro currently rates the stock as slightly overvalued, and the share price recently rose 12.7% but remains down about 81% year-to-date. » Altro su de.investing.com