Trump Brothers-Backed American Bitcoin Swings to Second-Quarter Loss

Trump-backed American Bitcoin posts $57m loss but grows its BTC treasury

American Bitcoin lost money again in the second quarter, and kept buying bitcoin anyway. The Trump-family-backed miner reported a net loss of $57.2m for the three months to June, narrower than the $81.8m loss it booked the quarter before. Mining revenue rose 8% to $67m, and the company produced a record 932 bitcoin over the […] This story continues at The Next Web

Trump brothers-backed American Bitcoin swings to second-quarter loss

Aug 3 (Reuters) - American Bitcoin, backed by two of U.S. President Donald Trump's sons, ​swung to a second-quarter ‌loss on Monday, hurt by a selloff in the cryptocurrency. Market volatility from surging geopolitical tensions has pushed ‌investors ​in...

Eric Trump suffers $600 million loss in Bitcoin business

Eric Trump‘s latest business venture has taken a costly turn. Less than a year after American Bitcoin Corp. made its public market debut with big expectations, the cryptocurrency mining company has watched its stock price collapse, slashing the estimated value of Trump’s ownership stake by more than $600 million on paper, according to Bloomberg‘s calculations. The slide comes as investors have increasingly shifted their attention away from Bitco…

Trump Family’s American Bitcoin Tops 8,000 BTC After Record Mining Quarter

The Hut 8 subsidiary increased its Bitcoin holdings by 14% in the second quarter even as Bitcoin’s price fell.

Trump Sons' American Bitcoin Reports $57.2M Q2 Loss

The post Trump Sons’ American Bitcoin Reports $57.2M Q2 Loss, Yet Adds 8,000 BTC to Treasury appeared first on Coinpedia Fintech News President Donald Trump’s son Eric backed American Bitcoin reported a $57.2 million net loss for the second quarter of 2026, but the company is showing no signs of slowing its Bitcoin strategy.  Instead of cutting back after the loss, the mining firm increased its Bitcoin holdings to more than 8,000 BTC. American B…

CoinStats - American Bitcoin Q2 Earnings Loom—Eric Trump’...

American Bitcoin Corp. is set to report its second-quarter earnings before the opening bell on Monday, August 3. Here’s what’s happening with the company and its stock.