[Eric Trump Co-Founded American Bitcoin Reports $81.8 Million Net Loss in Q1] Odaily Planet Daily News: The Bitcoin mining company American Bitcoin, co-founded by Eric Trump, has released its financial report for the first quarter of 2026. Data shows that the company recorded a net loss of $81.8 million for the quarter, higher than the $59.5 million loss in the previous quarter. Mining revenue for the quarter was $62.1 million, down from $78.3 million in the prior quarter. The report indicates that fluctuations in the value of digital assets were the primary source of losses, with related losses amounting to $117.2 million, significantly impacted by Bitcoin's 22% decline in Q1. Despite this, the company mined a total of 817 BTC during the quarter and purchased an additional 803 BTC for reserves, bringing its total holdings to 7,021 BTC. American Bitcoin stated that its cost of mining a single Bitcoin has dropped to $36,200, a 23% decrease compared to the previous quarter. (The Block)