- A mining company that is part of the Trump family’s crypto ecosystem reported a loss of $81,7 million for the first quarter.
- However, the cost of BTC mining has fallen by 23% to $36,200 from $46,900 per coin in the fourth quarter of 2025.
Cryptocurrency mining company American Bitcoin, co-founded by US President Donald Trump’s son, Eric Trump, reported about losses for the first quarter in the amount of $81,7 million.
On According to American BitcoinThe company’s revenue for the quarter ended March 31 reached $62,1 million. This is 400% more than the $12,3 million in the same period last year, but less than the $78,3 million in the fourth quarter of 2025. Revenue was 17% below analysts’ forecasts.
Additionally, the company, which also counts Donald Trump Jr. as a shareholder, reported a quarterly loss of 8 cents per share, compared with Wall Street’s forecast of 1 cent per share. American Bitcoin It was also reported that the organization mined a record 817 bitcoins in the first quarter, compared to 783 bitcoins in the fourth quarter of 2025.
The cost of BTC mining was $36,200, down 23% from $46,900 per coin in Q4 2025. The reduction was achieved through “increasing production volume on a stable fixed-cost base and continued price discipline in the energy sector.”
Previously edited Happy Coin News Reported, that American Bitcoin completed the launch of 11,298 Bitcoin-miners at its Drumheller site. The company’s mining fleet currently consists of 89,242 miners operating at a computing power of approximately 28,1 exahash per second (EH/s), following a performance increase of 3,05 EH/s, representing over 12% growth.
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making investment decisions. Read the editorial policy. https://happycoin.club/about/