TechFlow News, May 7: According to Bloomberg, American Bitcoin Corp., a bitcoin mining company backed by the Trump family, released its Q1 2026 financial results, reporting a net loss of $82 million—worsening from a $59 million loss in Q4 2025—and marking its second consecutive quarter of losses. Meanwhile, the company’s Q1 revenue totaled approximately $62 million, down roughly 20% year-on-year, primarily due to a decline in average per-bitcoin mining revenue. Headquartered in Miami, the company was founded just before bitcoin’s price retreated from its all-time high.
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