American Bitcoin Earnings Call Transcripts
Fiscal Year 2026
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Q3 mining output and gross margin declined QoQ as seasonal power costs rose, while Bitcoin appreciation drove $126M net income and $220.8M adjusted EBITDA. Bitcoin per share rose 5% QoQ, and the reserve reached 8,427 BTC at quarter-end.
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Record Bitcoin production and 8% revenue growth were achieved despite a 12% Bitcoin price drop, with gross margins holding at 49%. Strategic reserves grew 14% to 8,002 BTC, and operational efficiency remained strong amid industry headwinds.
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Shareholders approved the election of a director, ratified KPMG LLP as auditor, and authorized a reverse stock split amendment. Quorum was achieved with over 93% voting power represented. Final results will be filed with the SEC.
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Record Bitcoin production and reserve growth achieved despite a 22% BTC price drop, with cost to mine falling 23% and gross margin holding above 50%. Strategic focus remains on maximizing per-share Bitcoin ownership and operational efficiency.
Fiscal Year 2025
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Achieved 22% sequential revenue growth and a 58% increase in Bitcoin holdings, maintaining a 53% gross margin despite Bitcoin price volatility. Focus remains on disciplined expansion, operational efficiency, and creative capital deployment to maximize Bitcoin accumulation.
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Revenue more than doubled to $64.2M with gross margin rising to 56%, driven by rapid mining expansion and operational efficiency. Bitcoin reserves reached 3,418, and the company remains focused on scaling and optimizing its dual mining and treasury model.