American Bitcoin Posts Substantial Loss Despite Record BTC Production

American Bitcoin, a bitcoin mining and treasury company founded by Eric Trump, has reported a substantial net loss of $81.8 million in the first quarter of 2026.

The company's revenue from mining activities declined to $62.1 million, down from $78.3 million in the previous quarter, due to a significant drop in Bitcoin prices.

According to filings with US market regulators, American Bitcoin's operating expenses reached $150.7 million during this period.

The largest loss came from a $117.2 million impairment in digital assets, resulting from the 22% decline in Bitcoin prices during the first quarter.