American Bitcoin Corp Reports Record Production Despite Q2 Net Loss

American Bitcoin Corp (ABTC) reported its Q2 results, showing $67 million in revenue despite a net loss of $57.2 million.

The company's mining operations achieved an all-time high production level of 932 BTC, with gross mining profit totaling approximately $33 million and margins holding steady around 49%.

A significant $71.2 million digital asset impairment charge drove the net loss, which decreased compared to the first quarter's $81.8 million deficit.