Overview
- Holdings now exceed 6,000 BTC, up from 5,401 at year-end, as the company pursues a dual strategy of industrial mining and open‑market accumulation.
- American Bitcoin raised $150.5 million through an at-the-market stock offering in Q4, which management said lifted per-share BTC exposure by nearly 50%.
- Mining remained profitable with a cited 53% gross margin, supported by infrastructure from majority owner Hut 8.
- Quarterly revenue was $78.3 million, up from $64.2 million a year earlier and 22% higher sequentially, though slightly below the $79.6 million consensus.
- Shares trade near $1 after a steep selloff, down nearly 90% from last year’s peak, as bitcoin fell about 23% in Q4 and investors reassessed miner balance sheets.