American Bitcoin

ABTC · NASDAQ

$7.68+$0.05 (+0.66%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $7.63

ABTC analyst rating

BuyConsensus of 5 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy5
Hold0
Underperform0
Sell0

12-month price target · 6 analysts

Average $26.52 (+245.3% upside)

Low: $14.14
Now: $7.68
High: $63.00

Upgrades and downgrades

The latest rating actions, newest first

ABTC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Maxim Group	Oct 12, 2026	Maintains	Buy	$15.00 → $16.00	67%
HC Wainwright & Co.	Oct 12, 2026	Initiates	Buy	$22.00	52%
BTIG	Sep 16, 2026	Initiates	Buy	$15.00	45%
Maxim Group	Jul 21, 2026	Initiates	Buy	$15.00	67%
HC Wainwright & Co.	Feb 2, 2026	Initiates	Buy	$4.00	38%
Roth Capital	Dec 10, 2025	Initiates	Buy	$4.00	35%

The case for and against

Updated Oct 14, 2026

Bull case

American Bitcoin is attractive fundamentally because it combines industry-low mining costs with disciplined Bitcoin accumulation, allowing the company to add BTC to its balance sheet at a discount to market while preserving strong margins. In 2Q26, its all-in cash cost was about $43.9K per BTC mined, roughly 34% below the peer average, while it mined a record 932 BTC and held about 8,300 BTC, with sats per share nearly doubling to 10,989 in 2Q26. Its 25 EH/s fleet, ~14.1 J/TH efficiency, asset-light Hut 8 partnership, and commitment to mining rather than diverting capital to AI/HPC position it to gain share as ~74 EH/s of listed miner capacity comes offline.

Bear case

American Bitcoin is exposed to a highly volatile, commodity-like earnings stream that depends on Bitcoin price, network hash growth, and power costs, all of which can quickly compress margins and book value. Although it has roughly 25 EH/s at 14.1 J/TH and industry-leading direct production costs near $36.5k per BTC mined in 2Q26, reported results remain fragile, with $306.1M of fair-value losses on digital assets driving a TTM net loss of $194.9M. Its ~8,300 BTC reserve and ~5,210 unencumbered BTC provide balance sheet support, but future equity raises, pledged Bitcoin, and older idle miners that appear uneconomic at current hash prices heighten dilution, refinancing, and obsolescence risk.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.