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Why is Trump-Backed American Bitcoin on $82M Loss on Q1?
By Kelvin Munene at 2026-05-07 04:53
Sentiment: Negative
TLDR American Bitcoin posted an $82M net loss in Q1 2026, its second straight quarterly loss. Revenue fell 20% to $62M due to lower average Bitcoin mining revenue. Mining cost dropped to about $36,200 per BTC, below industry averages. Bitcoin holdings increased by about 30% during the quarter. Shares have fallen nearly 90% since the [...] The post Why is Trump-Backed American Bitcoin on $82M Loss on Q1? appeared first on CoinCentral. Continue reading...
Categories: Bitcoin
Tags: #Bitcoin #American Bitcoin #Eric Trump
Source Coin Central