secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001193125-26-209054
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Bitcoin Q1: Bitcoin reserve grows 30% to 7,021; mining gross margin 52%
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- Mined 817 Bitcoin in Q1, highest quarterly production; cost to mine fell 23% to ~$36,200 per Bitcoin.
- Mining revenue $62.1M (down from $78.3M Q4) as average Bitcoin price dropped 22% YoQ.
- Added ~11,298 next-gen Bitmain miners; total fleet capacity 28.1 EH/s, up from 25.0 EH/s.
- Satoshis per share rose ~20% to ~663; no Bitcoin sold during quarter.
- Strategic reserve grew from ~5,401 to ~7,021 Bitcoin in three months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000119312526209054/0001193125-26-209054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000119312526209054/abtc-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-209054

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