American Bitcoin Corp is making a habit nobody wants. The Nasdaq-listed miner just reported a $57.2 million net loss for Q2 2026, its third straight quarter of red ink, as a steep decline in Bitcoin’s price turned its treasury strategy from bold bet into balance sheet burden.
The company, majority-owned by Hut 8, has now racked up cumulative losses of roughly $198.5 million across the last three quarters.
The numbers behind the pain
Bitcoin dropped approximately 22% quarter-over-quarter, and ABTC recorded more than $188 million in fair value declines on its digital assets as a result.
The Q2 loss of $57.2 million actually represents an improvement over the $81.8 million loss posted in Q1 2026. The quarter before that, Q4 2025, came in at a $59.5 million loss.
