American Bitcoin’s Trump‑Backed Mining Bet Nets $59M Q4 Loss
Trump-backed American Bitcoin reported a $59.5 million net loss in Q4 2025 despite a 22% revenue increase to $78.3 million.Summary
American Bitcoin Corp. (ABTC), backed by the Trump family, posted a net loss of $59.5 million for the fourth quarter of 2025, even as its revenue grew 22% quarter-over-quarter to $78.3 million, achieving a 53% gross margin. The company recorded a full-year net loss of $153.2 million, largely due to non-cash fair-value markdowns on its Bitcoin holdings. Co-founder Eric Trump noted that the company ended 2025 with 5,401 BTC, which has since increased to over 6,000 BTC, with mining accounting for about one-third of the year-end stack. Despite these efforts and raising $150.5 million in gross proceeds from its stock program, ABTC's stock has fallen 85% in the last six months, reflecting broader pressure on Trump-linked crypto projects and miners who are increasingly pivoting away from pure Bitcoin accumulation strategies toward areas like AI infrastructure.
(Source：Cointelegraph)