American Bitcoin Corp (ABTC) Stock

American Bitcoin Corp (ABTC) is a Financials stock trading at $7.93 (as of 2026-08-21), with a market capitalization of $43.80M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

American Bitcoin Corp is a Bitcoin accumulation and mining company formed through a merger involving American Data Centers and Hut 8’s mining operations. It pursues a strategy combining mining with Bitcoin purchases, and began trading on Nasdaq in September 2025 following its merger with Gryphon Digital Mining.

Understand American Bitcoin Corp: how it makes money

American Bitcoin Corp accumulates Bitcoin through scaled Bitcoin mining and opportunistic Bitcoin purchases, aiming to maximize Bitcoin held per share, with trading on Nasdaq beginning in September 2025 after its merger with Gryphon Digital Mining.

Net Bitcoin accumulation is the core of the model, built from scaled operational mining plus opportunistic Bitcoin treasury purchases to increase Bitcoin held per share.

Business quality (Weak): The company is a pure play on Bitcoin accumulation, with operating KPIs centered on Bitcoin mined and Bitcoin holdings, but the latest quarter shows a deeply negative operating margin and limited evidence of mining revenue in the provided breakdown.

Bull case

  • Dual strategy targets Bitcoin held per share: It combines scaled mining operations with opportunistic Bitcoin purchases, explicitly aiming to maximize Bitcoin held per share.
  • Mining output and treasury purchases are measurable: The provided operating KPIs include Bitcoin Mined, Bitcoin Holdings, and Bitcoin Acquired through Strategic Treasury Purchases.

Bear case

  • Latest quarter shows weak operating economics: For 2026-03-31, operating margin is -190.3%, indicating losses at the operating level despite a reported gross margin of 52.4%.
  • Mining revenue visibility looks limited in the provided breakdown: In the provided segment revenue candidates, Mining Revenues is listed as 0.0, which may indicate that mining revenue is not currently a visible driver of reported revenue.
  • Execution and dependence risks: The company was formed through a merger (American Data Centers and Hut 8’s mining division) and began trading after merging with Gryphon Digital Mining in September 2025, creating potential execution and transition risk, while results can depend on mining economics and Bitcoin-related variables.
Valuation — source: SEC EDGAR (first-party)
Price$7.93
Market Cap$43.80M
Price / Book0.07
Price / Sales0.17
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$185.16M
Net Margin-82.7%
Revenue Growth (YoY)801.5%
EPS Growth (YoY)-66.7%
Financial Health — source: SEC EDGAR
Altman Z-Score6.81 (safe)
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Banking)13.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($3.82M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOMichael
Employees3
CountryUS
IPO Date2019-09-23

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ABTC earnings history · ABTC institutional & insider holders · ABTC KPIs & operating metrics · ABTC financials · ABTC investor presentations & press releases · ABTC SEC filings · ABTC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.