Bitcoin mining company American Bitcoin announced its Q1 financial report: two consecutive quarters of losses, with a net loss of 82 million dollars in Q1
By: rootdata|2026/05/07 08:42:01
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According to Bloomberg, American Bitcoin Corp., a Bitcoin mining company supported by the Trump family, announced its financial report for the first quarter of 2026, showing a net loss of $82 million, which is an increase from a loss of $59 million in the previous quarter (Q4 2025), marking two consecutive quarters of losses.
Meanwhile, the company's revenue for the first quarter was approximately $62 million, a year-on-year decrease of about 20%, mainly due to the decline in average mining revenue per Bitcoin. The company is headquartered in Miami and was established just before the price of Bitcoin fell from its historical high.
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