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#BitcoinFallsBelow80K
In the first quarter of 2026, companies specializing in Bitcoin mining faced a significant increase in net losses. The main pressure on financial results was caused by the decline in the price of the first cryptocurrency and overall macroeconomic instability. Industry leaders such as Hut 8 HUT, Core Scientific (CORZ), American Bitcoin (ABTC), Cipher Digital CIFR, and Riot Platforms RIOT reported negative results.
According to the official report, Hut 8's net loss in the first quarter was $253.1 million. A year earlier, this figure for the same period was $134.3 million. "The net loss for the period includes $295.7 million mainly unrealized losses on digital assets compared to $112.4 million in the previous year," emphasized company representatives.