Bitcoin Well Reports August 2026 Preliminary Results: Gross Profit and Customer Growth Insights

Bitcoin Well Reports Mixed Results Amid Market Fluctuations

Edmonton, Alberta – September 3, 2026 – TheNewswire – Bitcoin Well Inc. (TSXV: BTCW, OTC: BCNWF; OTCQB: BCNWF), a pioneering non-custodial bitcoin company, has released its preliminary operating results for August 2026, revealing a blend of growth and challenges amid a fluctuating cryptocurrency market.

Key Financial Highlights

In August 2026, Bitcoin Well reported a gross profit of over $265,000, a decline from $295,000 in July 2026 and significantly lower than the $546,000 reported in August 2025. The company attributes this decrease to the overall sentiment in the bitcoin market, which saw the cryptocurrency’s price drop from an opening of $63,000 USD to a closing price near $80,000 USD during the month. This contrasts sharply with the previous year’s high of $108,000 USD.

Despite the dip in profits, Bitcoin Well’s customer base has continued to expand, surpassing 80,500 users, up from 79,000 at the end of July 2026 and a notable increase from 59,900 in August 2025. Additionally, the number of yearly active users rose to over 12,600, indicating a steady demand for the company’s services.

Strategic Advancements

The company has been busy enhancing its offerings, particularly with the upcoming launch of its Bitcoin IRA, scheduled for Q3 2026. This initiative aims to provide American customers with the ability to purchase bitcoin within tax-advantaged structures, a move expected to significantly boost customer acquisition and spending as the year progresses.

Improvements to the Bitcoin Well Infinite portal, which caters to large transaction clients, are also underway, with the company optimistic about further growth in this segment. Furthermore, Bitcoin Well has implemented enhanced security measures in response to a rise in cyberattacks targeting the cryptocurrency ecosystem, successfully avoiding any losses from these threats.

“I am very proud of the way the team put their heads down and helped keep our Company safe and secure in August,” stated Adam O’Brien, Founder and CEO of Bitcoin Well. “We continued to build meaningful products in the IRA, which will launch shortly, and responded swiftly to a serious number of indirect attacks on software we rely on. To finish off the month, we saw a huge spike in customer activity and volume due to the increase in the price of bitcoin. Bear markets are for building, bull markets are for capitalizing, and our team is ready for both!”

Debt Settlement Announcement

In a separate announcement, Bitcoin Well disclosed an indebtedness of $84,048 as of August 31, 2026, related to a sponsorship agreement. The company has entered into a debt settlement agreement, agreeing to settle this amount through the issuance of 2,101,200 common shares at a deemed price of $0.04 per share. This transaction is subject to approval from the TSX Venture Exchange.

Looking Ahead

As Bitcoin Well continues to navigate the complexities of the cryptocurrency market, the company remains focused on its mission to empower individuals through bitcoin. With a growing customer base and innovative product offerings on the horizon, Bitcoin Well is poised to capitalize on future opportunities.

For more information, investors and interested parties can contact Adam O’Brien at 1-888-711-3866 or via email at ir@bitcoinwell.com.

This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those anticipated.

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