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Techub News reports that, according to Bloomberg Law, American Bitcoin reported a net loss of $82 million in the first quarter, widening from a $59 million loss in the fourth quarter of last year. Revenue declined by approximately 20% to $62 million, mainly due to a decrease in average income from Bitcoin mining. This Miami-based company is affiliated with an enterprise associated with the Trump family and is one of the few publicly traded companies focused on Bitcoin mining. This performance reflects the revenue pressures faced by mining companies that adhere to a token minting strategy in the current market environment.