[Bitcoin Mining Company American Bitcoin, Backed by the Trump Family, Posts Two Consecutive Quarters of Losses, Q1 Net Loss of $82 Million] According to Deep Tide TechFlow on May 7, Bloomberg reported that the Trump family-backed Bitcoin mining company, American Bitcoin Corp., released its financial report for the first quarter of 2026, showing a net loss of $82 million. This marks a further increase compared to the previous quarter (Q4 2025), which recorded a loss of $59 million, making it the second consecutive quarter of losses. Meanwhile, the company's Q1 revenue was approximately $62 million, a year-on-year decline of about 20%, primarily due to a decrease in the average mining yield per Bitcoin. The company, headquartered in Miami, was established shortly before Bitcoin's price retreated from its historical peak.