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American Bitcoin mined 932 BTC in the second quarter of 2026, marking a historic record. The company, listed on Nasdaq under the ticker ABTC, saw its stock rise by 50% within a month — and it was Eric Trump himself who mentioned this in a recent interview.
The facility is operating at full capacity. With 90,000 machines, 28.1 EH/s of computing power, and an announced efficiency of 16 joules per terahash, daily production varies between 11 and 13 BTC. There are no breaks, no slowdowns. The machines work around the clock, and the numbers reflect this: the company claims a gross margin of 49%, with 8,300 BTC in reserve, valued today at over $600 million. It’s impressive on paper.
But here’s where the issue lies.
Two Cost Figures, Only One Can Prevail
Forbes released an estimate: $90,000 per BTC produced. Eric Trump, however, claims $57,000. The gap between the two is significant — almost a 40% difference in unit cost. And no one has yet provided a clear breakdown to settle the matter.
Forbes believes that certain indirect costs — maintenance, personnel, infrastructure — are likely underestimated in Trump’s version. American Bitcoin has not responded with detailed figures. No public dashboard, no official clarification on the cost structure. The debate remains open, which is problematic if the bitcoin price drops significantly.
Trump, on his part, sticks to his position. For him, it’s all about energy. “It’s really an energy play,” he says. And he’s not wrong on one point: Texas offers electricity prices that are unlike anywhere else. He even compares it to the United Kingdom, where mining could cost up to $300,000 per BTC. Three times more. The energy differential between the two geographies is real, and American Bitcoin clearly makes it a cornerstone of its strategy.
So, the competitive advantage exists. But at what exact cost? Still unclear.
Trump’s Debanking and Stablecoin Vision
Eric Trump’s involvement in crypto doesn’t come out of nowhere. Capital One closed 300 of the Trump family’s bank accounts — without notice, without obvious recourse. He calls it “debanking.” This episode clearly left an impression on him, and he mentions it to explain why he believes in an alternative financial system.
According to him, stablecoins are the future. Not just a trading tool, but a real foundation for everyday transactions, capable of gradually replacing traditional banking infrastructures. He compares the current state of crypto to the 1990s for the Internet — like, we’re still at the 56k modem stage, but the potential is there. He believes the user experience still needs to improve for mass adoption to truly happen.
It’s a vision. But a vision based on a personal experience of friction with the traditional banking system. And it changes how we read his involvement in American Bitcoin — it’s not just financial, it’s ideological.
Meanwhile, Michael Saylor seems to be considering new bitcoin acquisitions, according to available information. No firm confirmation, but the direction is known. It broadly shows that major players in the sector have very different strategies: some mine, others buy directly. Two approaches, same conviction about the asset.
American Bitcoin, on the other hand, is betting on production. And on Texas’s cheap energy as a sustainable advantage. The reasoning holds as long as the BTC price stays above the production cost — whatever it actually is. If we take Trump’s figure of $57,000, the margin is comfortable with bitcoin around $70,000 or $80,000. If Forbes is right with $90,000, the cushion is much thinner, and a market downturn could hit very hard, very quickly.
The company continues to display optimism. The machines are running, BTC is accumulating, the stock has climbed. But the lack of transparency on real costs remains a sticking point for market observers. Some see it as a structural risk. Others think the Texas energy advantage is enough to maintain the position.
8,300 BTC in reserve, $600 million at the current rate, and a cost question lingering without a definitive answer.
Frequently Asked Questions
How many BTC did American Bitcoin mine in the second quarter of 2026?
American Bitcoin mined 932 BTC in the second quarter of 2026, a historic record for the company, with a fleet of 90,000 machines operating at full capacity.
Why is there a disagreement on the production cost per BTC?
Forbes estimates the cost at $90,000 per BTC by including indirect costs like maintenance and personnel, while Eric Trump claims $57,000. Neither party has provided a detailed breakdown to settle the matter.
What is the “debanking” mentioned by Eric Trump?
Capital One closed 300 of the Trump family’s bank accounts, an event Eric Trump calls “debanking,” which prompted him to advocate for cryptocurrencies as an alternative to the traditional banking system.
Why It Matters
The record production of 932 BTC by American Bitcoin highlights the growing efficiency and scale of U.S. mining operations, which could influence market dynamics as competition intensifies. Additionally, the stock's significant rise suggests investor confidence in the company, potentially attracting more institutional involvement in the crypto space. This development comes at a time when regulatory discussions around mining practices are evolving, making such successes particularly noteworthy for both industry participants and policymakers.
