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Trump Family-Linked Bitcoin Miner Posts Second-Quarter Loss

Bloomberg Markets Monday 03 August 2026, 11:25 UTC By David Pan and Chloe Cresswell 1 min read
Key Points

Cryptocurrencies Trump Family-Linked Bitcoin Miner Posts Second-Quarter Loss American Bitcoin Corp., the Trump family-backed miner launched last year just before the cryptocurrency tumbled from record highs, posted a third consecutive quarterly loss after a decline in the value of its holdings. The loss was $57 million, or 80 cents a share, in the second quarter, compared with a loss of $82 million in the first quarter, the Miami-based company said in a statement Monday. Revenue was $67...

Cryptocurrencies Trump Family-Linked Bitcoin Miner Posts Second-Quarter Loss American Bitcoin Corp., the Trump family-backed miner launched last year just before the cryptocurrency tumbled from record highs, posted a third consecutive quarterly loss after a decline in the value of its holdings. The loss was $57 million, or 80 cents a share, in the second quarter, compared with a loss of $82 million in the first quarter, the Miami-based company said in a statement Monday. Revenue was $67 million, compared with $62 million in three-months ended March 31.
Trump Family-Linked Bitcoin Miner (ORG) American Bitcoin Corp. (ORG) Trump (PERSON) Miami (LOCATION)
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