Foresight News|Feb 26, 2026 12:10
[Mining Company American Bitcoin Supported by Trump Family Reports $59 Million Loss in Q4]
According to Foresight News, citing Bloomberg, the mining company American Bitcoin, supported by the Trump family, reported a $59 million loss in the fourth quarter. Due to the impairment of the value of the company's Bitcoin reserves, an unrealized loss of $227 million was recorded for the year. Since its peak in September, the company's market value has evaporated by nearly 90%.
Notably, American Data Centers, initially designed as an artificial intelligence infrastructure provider and supported by Trump's sons, later became part of American Bitcoin.
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