According to Bloomberg, the Bitcoin mining company American Bitcoin Corp., backed by the Trump family, has reported a net loss for the second consecutive quarter. In Q1 2026, the company posted a net loss of approximately $82 million, up from $59 million in the previous quarter. Revenue for the same period dropped around 20% to $62 million, mainly due to a decline in average mining income per Bitcoin and a drop in the value of Bitcoin holdings. The company stated that it added approximately 1,600 BTC to its holdings in Q1, increasing its Bitcoin reserves by about 30%, and continued to accumulate through Treasury purchases. Since its Nasdaq debut in September 2025, American Bitcoin's stock price has fallen nearly 90% from its peak. https://(wublock123.com)/news/american-bitcoin-backed-by-trump-family-posts-second-quarter-losses-stock-down-90-percent-60659