Trump Family-Linked Bitcoin Miner Posts Second Consecutive Quarterly Loss
Eric Trump, co-founder and chief strategy officer of American Bitcoin, speaks during the Bitcoin 2026 conference in Las Vegas on April 29.
Photographer: Ian Maule/BloombergAmerican Bitcoin Corp., the Trump family-backed miner launched last year just before the largest digital asset plunged from record highs, posted a second consecutive quarterly loss after a drop in the value of its holdings.
The net lost was $82 million in the first quarter, compared with $59 million in the three-months ended Dec. 31, the Miami-based company said in a statement Wednesday. Revenue declined about 20% to $62 million, reflecting lower average revenue per Bitcoin mined.