American Bitcoin Misses Revenue, Reports $82M Q1 Loss
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Cointelegraph
American Bitcoin, linked to the Trump family, reported an $81.7 million first-quarter loss and missed analyst revenue expectations.Summary
American Bitcoin, a crypto mining firm associated with Eric Trump and Donald Trump Jr., announced an $81.7 million loss for the first quarter of 2026. Despite reporting $62.1 million in revenue—a significant year-over-year increase—the company failed to meet analyst projections, falling short by 17% and posting a loss of 8 cents per share. Although the company managed to mine a record 817 Bitcoin and improved its operational efficiency by reducing mining costs to $36,200 per coin, shares dropped 1.6% following the announcement, reflecting a challenging market environment for Bitcoin miners.
(Source：Cointelegraph)