Trump Family-Affiliated Bitcoin Miner American Bitcoin Reports $59 Million Q4 Loss

American Bitcoin Corp (ABC), a Bitcoin mining company backed by the Trump family, has announced a net loss of $59 million for the fourth quarter. The company's stock has plummeted nearly 90% from its September 2025 peak, largely due to the severe cryptocurrency market downturn experienced since 2022.

Founded in part by Eric Trump, Miami-based ABC has maintained a "mine and hold" strategy focused solely on Bitcoin, even as competitors shift towards AI infrastructure. The company's significant unrealized loss for the full year, totaling $227 million, stems from the devaluation of its Bitcoin reserves as the price of the cryptocurrency fell from a high of $126,000 to around $70,000.

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