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Eric Trump's Bitcoin Mining Firm Loses $600M as AI Boom Hits Crypto Miners

2026-07-09 13:46:23

Story Highlights* Eric Trump's American Bitcoin stake has lost nearly $600 million as shares plunged over 95%.

American Bitcoin reported an $81.8 million quarterly loss as mining margins remained under heavy pressure.
Despite stock losses, American Bitcoin still holds 8,000 BTC worth around $504 million today.

BTC1.59%

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