2026-02-27 00:32:03
The American Bitcoin Corp supported by the Trump family posted a loss of $59 million in the fourth quarter, with its stock price down about 90% from its peak.
Odaily Planet Daily reports that American Bitcoin Corp, a mining company supported by the Trump family, disclosed a net loss of $59 million in the fourth quarter.
The company previously went public on NASDAQ during the crypto market boom, but as the industry has experienced a significant correction since 2022, its stock price has fallen approximately 90% from its peak in September last year, with a noticeable decrease in market value. After the earnings report was released, the company's stock price dropped nearly 3% again, trading at just over $1 per share. (Bloomberg)