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American Bitcoin announces Q1 financial report: consecutive two quarters of losses, Q1 net loss of $82 million
Golden Finance reports that on May 7, the Bitcoin mining company American Bitcoin Corp., supported by Trump’s family, released its Q1 2026 financial results, with a net loss of $82 million—further expanding from a loss of $59 million in the previous quarter (2025 Q4). The company has recorded losses for two consecutive quarters.
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 earnings per Bitcoin. The company is headquartered in Miami and was established just before Bitcoin’s price retreated from its all-time high.