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American Bitcoin Hits Record BTC Output as Trump-Linked Miner Narrows Loss

Guavy AI Editorial Team
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American Bitcoin, the Nasdaq-listed mining company co-founded by Eric Trump and Donald Trump Jr., reported record Bitcoin production in the second quarter.

The company's Q2 results showed a significant increase in mining revenue, up 8% to $67 million from $62.1 million, thanks to higher output of 932 BTC.

This is despite a net loss of $57.2 million for the quarter, which is narrower than the $81.8 million Q1 loss. American Bitcoin also completed a 1-for-15 reverse stock split last month to maintain its Nasdaq listing.

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