Trump family-backed American Bitcoin's costs dropped 23% in Q1 as mining industry pivots to AI

American Bitcoin (ABTC), a firm linked to the Trump family, significantly improved its operational efficiency in Q1, reducing the cost to mine one bitcoin to approximately $36,200. This 23% quarterly reduction positions the company as one of the lowest-cost operators in the public sector. While many industry competitors are pivoting toward artificial intelligence and high-performance computing, often liquidating bitcoin reserves to fund these shifts, ABTC increased its holdings by 30% to 7,021 BTC. Despite a net loss primarily driven by non-cash mark-to-market accounting on its holdings, the underlying mining business remains profitable through energy pricing discipline and expanded production capacity.

(Source：CoinDesk)