Trump-linked Bitcoin Miner Achieves Record Output Despite Loss

WHO:

Cointelegraph - American Bitcoin Corp., a Bitcoin mining company linked to Trump.

Bloomberg Markets - The Trump family is associated with American Bitcoin Corp.

WHAT:

Cointelegraph - American Bitcoin Corp. produced a record 932 BTC in the second quarter.

Cointelegraph - Mining revenue increased by 8%.

Bloomberg Markets - American Bitcoin Corp. reported a third consecutive quarterly loss.

WHERE:

Cointelegraph - The location of American Bitcoin Corp. is not specified in the articles.

WHEN:

Cointelegraph - The record BTC output and revenue increase occurred in the second quarter.

WHY:

Bloomberg Markets - The company experienced a decline in the value of its holdings, contributing to the quarterly loss.

HOW:

Cointelegraph - The company achieved record output through its mining operations.

(UPDATED August 3, 2026 16:28 UTC)

American Bitcoin Corp., a Bitcoin mining company linked to Trump, achieved a record production of nine hundred thirty-two BTC in the second quarter, with mining revenue increasing by eight percent. However, despite this impressive output, the company reported a third consecutive quarterly loss, largely due to a decline in the value of its holdings. The specific location of American Bitcoin Corp. has not been disclosed in the reports.