Trumps’ American Bitcoin reports record BTC output, narrower Q2 loss
Trump-linked Bitcoin miner produced a record 932 BTC in the second quarter, lifting mining revenue 8% as its net loss narrowed from the previous quarter.
American Bitcoin posted record Bitcoin production in the second quarter, as higher mining output lifted revenue while the Trump family-linked miner remained in the red.
The Nasdaq-listed company, co-founded by Eric Trump and Donald Trump Jr., reported Q2 results on Monday, with record production of 932 Bitcoin helping lift mining revenue 8% to $67 million from $62.1 million.
The company reported a net loss of $57.2 million, narrowing from a $81.8 million Q1 loss.