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Trump family-supported mining company American Bitcoin posts a $59 million loss in Q4

bitcoin news Daily Crypto News

2026-02-26 12:09:52

BTC-0.40%

Foresight News reports that American Bitcoin, a mining company supported by the Trump family, announced a fourth-quarter loss of $59 million. Due to a write-down of the company's Bitcoin reserves, it recorded an unrealized loss of $227 million for the year. Since its peak in September, the company's market value has evaporated by nearly 90%.

It is worth noting that American Data Centers, supported by Trump's sons, was originally designed as an artificial intelligence infrastructure provider before becoming part of American Bitcoin.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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