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Publicly traded Bitcoin miner American Bitcoin (ABTC) reported net losses of nearly $82 million in Q1 2026, up from $59.4 million in Q4 2025. The firm added more than 1,600 BTC to its stash, which now stands above 7,300 BTC, or $583 million worth. Shares in the firm (ABTC) are down more than 9% on Thursday following a 20% dip in quarterly mining revenue and the reported net losses for Q1 2026—a 37% jump from Q4 2025 losses. The company expanded its mining operation during the quarter with the addition of more than 11,000 mining rigs from Bitmain, bringing its total fleet to nearly 90,000 miners. Mike Ho, ABTC's CEO, said that Q1 2026 was a quarter of continued momentum in a resilient business under adverse market conditions, and noted that Bitcoin declined about 22% quarter-over-quarter, which drove non-cash headwinds through GAAP financials; without the non-cash mark-to-market adjustment, the firm would have been profitable without selling any BTC. The firm came to fruition last year when it combined with Hut 8 and later merged with Gryphon Digital in a stock-for-stock merger. Despite the quarterly loss, ABTC's shares have rebounded about 30% in the last month.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
