Bitcoin: American Bitcoin Achieves Record Production Despite Cost Debate

Eric Trump, son of the American president and a staunch advocate for crypto, took the opportunity during an interview with Wolf Financial to clarify his ongoing projects. American Bitcoin is prominently among them. He provided insights that shed light on the company's strategy. However, the debate over production costs remains very much alive.

In Brief

• American Bitcoin mined 932 BTC in the second quarter of 2026, its best result to date, thanks to a fleet of around 90,000 machines operating at full capacity.
• Eric Trump announces gross margins of 49% and a daily production of 11 to 13 BTC, with cash reserves now reaching 8,300 BTC.
• Forbes contests these figures, estimating the production cost at $90,000 per BTC compared to the $57,000 claimed.
• Eric Trump defends his accumulation strategy and denounces a "debanking" that has pushed his family towards crypto.

932 BTC in One Quarter: American Bitcoin's Production Record

The second quarter of 2026 will be marked for American Bitcoin. The company mined 932 BTC, its highest recorded level to date. Its fleet of around 90,000 machines is running at full capacity. Eric Trump detailed the performance on the Wolf Financial podcast.

We are one of the largest miners in the world. We do this with gross margins of 49%. Eric Trump, Wolf Financial.

Cash reserves now reach 8,300 BTC, valued at over $600 million at current prices. Daily mining is between 11 and 13 BTC. Listed on Nasdaq under the ticker ABTC, the stock has risen by about 50% in a month.

This movement coincided with Bitcoin's rise from $64,000 to over $80,000. The company emphasizes the efficiency of its mining operations. It also highlights the speed of Bitcoin transactions, which far exceeds that of the traditional banking system.

The Clash Over Mining Production Costs

However, these results face contestation. Forbes estimated that the production cost of American Bitcoin would be closer to $90,000 per BTC. Eric Trump, on the other hand, claims a figure around $57,000. He described the report as politically motivated.

The gap is significant. A margin of 49% according to management, a potentially much less favorable situation according to Forbes. Eric Trump highlights the American energy advantage. << It's really a game on energy >> emphasizes Eric Trump.

The company uses low-cost electricity in Texas. He compares this situation to that of the UK, where the cost per Bitcoin could reach $300,000. However, Forbes believes that some indirect costs, such as maintenance and personnel, may be underestimated.

Neither party has published a detailed breakdown since. Doubts about the actual profitability of mining therefore persist.

The Accumulation Strategy Through Bitcoin Mining

American Bitcoin's strategy is based on a clear idea. To mine Bitcoin at a cost lower than the market price.

We mine every day. It's really a game on energy. Eric Trump, Wolf Financial.

The company has 28.1 EH/s of computing power. Its efficiency is set at 16 joules per terahash. The machines operate continuously. Eric Trump reminds us: they never stop, 24 hours a day, 7 days a week.

Revenue for the fourth quarter of 2025 reached $185.2 million, well above expectations. However, if the production cost is indeed close to $90,000, the accumulation bet becomes riskier.

A sustained drop in Bitcoin would expose the company further. Mining remains at the core of the model. It is as much an arbitrage on energy as it is pure BTC production.

Debanking as a Trigger for Crypto Engagement

Eric Trump's involvement in crypto stems from a personal experience. Capital One closed 300 bank accounts of the Trump family overnight. He describes this episode as "debanking." He sees a parallel with the difficulties faced by the crypto community.

This situation pushed him to advocate for a more open system. He believes that large banks will have no choice but to adapt to the ongoing evolution. He sees stablecoins as the future rails of finance. He also calls for greater professionalism in the crypto industry.

User experience must improve. He compares Bitcoin adoption to that of the Internet in the 1990s. According to him, the best is yet to come. American mining, with its energy advantages, fits into this broader vision.

Key Figures of the Case

• BTC price at the time of writing: $78,133
• Daily production of American Bitcoin: 11 to 13 BTC
• Gross margin announced by Eric Trump: 49%
• Company's cash reserves in BTC: 8,300 BTC
• Production cost according to Forbes: $90,000 per BTC

American Bitcoin shows production records, but the debate over costs remains. Meanwhile, Michael Saylor, more of a buyer than a miner, seems to be back in the game. He recently hinted at a possible return to Bitcoin acquisitions. Accumulation continues in various forms.