[American Bitcoin Releases Q1 Financial Report: Two Consecutive Quarters of Losses, Q1 Net Loss of $82 Million] According to Golden Finance, on May 7, the Bitcoin mining company American Bitcoin Corp., supported by the Trump family, released its financial report for the first quarter of 2026, reporting a net loss of $82 million. This marks a further expansion from the previous quarter (Q4 2025), which recorded a loss of $59 million, making it the second consecutive quarter of losses. At the same time, the company's Q1 revenue was approximately $62 million, a year-over-year decline of about 20%, primarily due to a decrease in the average mining revenue per Bitcoin. The company, headquartered in Miami, was established shortly before Bitcoin's price retreated from its all-time high.