The Bitcoin mining company supported by the Trump family reported a loss of $57.15 million in the second quarter, with the quantity of coins held increasing to 8,000.

On August 3, American Bitcoin Corp., a Bitcoin mining company backed by the Trump family, announced its financial results for the second quarter of 2026, reporting a net loss of $57.15 million, marking the third consecutive quarter of losses. During the same period, revenue reached $67.015 million, up from $62.118 million in the first quarter. The financial report indicated that the year-over-year net loss for American Bitcoin was primarily affected by fluctuations in the value of digital assets. The company recorded an operating loss of $74.08 million for the second quarter, with an adjusted EBITDA loss of $45.03 million. As of the end of June, the company held approximately 8,002 bitcoins, an increase of about 981 bitcoins or approximately 14% compared to the end of the first quarter; it mined about 932 bitcoins in the second quarter, setting a new quarterly record. The company was co-founded by Eric Trump and Donald Trump Jr., and is considered part of the Trump family's cryptocurrency ventures.