Trump family-linked Bitcoin mining company American Bitcoin (NASDAQ: ABTC) released its fourth-quarter and full-year financial results on Thursday, recording $78.3 million in quarterly revenue for a 22% increase over the previous quarter.
American Bitcoin’s total revenue for 2025 reached $185.2 million following an expansion of its bitcoin mining fleet to 78,000 machines worth 25 EH/s by year’s end, of which 21.9 EH/s were operational at the close of 2025. American Bitcoin’s mining fleet has an efficiency rating of 16.3 J/TH.
American Bitcoin netted $150.5 million from its stock issuance program during the fourth quarter, and its general and administrative expenses fell from 13% of revenue in the third quarter to 9% by the end of the year.
Full-year adjusted earnings before interest, taxes, depreciation, and amortization came in at negative $157.3 million.
American Bitcoin, which is a pure-pay bitcoin mining company with no AI/HPC business lines, mined 1,654 bitcoin throughout the year, with 783 generated during the final three months. Mined production accounted for roughly 33% of the overall holdings. Management acquired the remaining 67% through stock sales and strategic transactions.
American Bitcoin’s bitcoin treasury grew from zero at the beginning of Q2 2025 to 5,401 bitcoin by the end of December, and the company has surpassed 6,000 bitcoin as of Wednesday.
“Our model is simple: secure Bitcoin through mining, accumulate it through our treasury strategy, and accelerate adoption through the ecosystem,” President Matthew Prusak doubled down on the Bitcoin treasury model. “Q4 demonstrated the engine is working.”
This is in stark contrast to bitcoin mining veterans like Cipher (NASDAQ: CIFR) and Bitdeer (NASDAQ: BTDR) announcing the liquidation of all their Bitcoin reserves this week.
Header image by Xuthoria via Creative Commons.
