American Bitcoin slashes mining cost 23% to $36,200 per BTC — far below the $80K industry average!

The Trump brothers' mining venture cut its cost per bitcoin to roughly $36,200 in Q1, a 23% drop from $46,900 in Q4 2025, placing it well inside profitable territory at current prices and materially below the publicly listed miner average of around $80,000 per coin.

The improvement came from spreading higher production volume across a stable fixed-cost base alongside what management called "continued energy pricing discipline." The Drumheller site in Alberta, switched on in late March, added 3.05 exahash of computing power, bringing total fleet capacity to 28.1 exahash across roughly 89,000 machines.

American Bitcoin posted an $81.8 million net loss for the quarter, almost entirely driven by mark-to-market declines on its bitcoin holdings as prices fell roughly 22%. Strip out that non-cash revaluation and the underlying mining business was profitable. The company added 1,620 BTC in Q1…