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News Explorer — Trump-Founded American Bitcoin Faces Losses in Q1

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May 7, 5:35 pm
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Trump-Founded American Bitcoin Faces Losses in Q1

American Bitcoin (ABTC) shares dropped over 9% due to a 20% decrease in quarterly mining revenue and reported net losses of nearly $82 million in Q1 2026. Despite this, the company increased its Bitcoin holdings by over 1,600 BTC and reduced mining costs to $36,200 per coin.

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