Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output

May 9, 2026 - 21:45
Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output
Despite the headline loss, the company emphasized that it continued accumulating Bitcoin rather than selling into weakness. American Bitcoin (ABTC), the Trump family-backed BTC company, released its Q1 2026 financial results earlier in the week, and they showed a nearly $82 million net loss for the period. This was despite the firm mining a record...

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