Trump Brothers' American Bitcoin Mining Firm Reports $59 Million Q4 Loss
American Bitcoin, a mining firm co-founded and advised by Eric Trump and Donald Trump Jr., reported a Q4 net loss of $59.45 million, reversing a $3.48 million profit from the previous year and a profit in the prior quarter, due to weakened crypto prices. Revenue for Q4 was $78.3 million, up from $64.2 million year-over-year but below analyst expectations of $79.6 million. As of February 24, 2026, the company claims reserves of 6,235 BTC, some of which are pledged as payment for a purchase of 16,000 mining rigs from Bitmain. These pledged BTC can be redeemed by Bitmain at current prices within two years. Shares of American Bitcoin (Nasdaq: ABTC) have fallen over 39% year-to-date, a decline steeper than Bitcoin’s own 23% drop in the same period. The company positions itself as a “full stack Bitcoin play” focusing on mining, treasury accumulation, and ecosystem development to promote U.S. leadership in the global Bitcoin economy.
