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Bitcoin mining company American Bitcoin announces Q1 financial report: consecutive two quarters of losses, Q1 net loss of $82 million
Mars Finance News, according to Bloomberg, the Bitcoin mining company supported by the Trump family, American Bitcoin Corp., announced its Q1 2026 financial report, with a net loss of $82 million, further widening from a loss of $59 million in the previous quarter (Q4 2025), marking the second consecutive quarter of losses.
Meanwhile, the company’s first-quarter revenue was approximately $62 million, down about 20% year-over-year, mainly due to a decline in the average mining revenue per Bitcoin.
The company is headquartered in Miami and was established just before Bitcoin prices fell from their all-time high.