Trump Family-Backed American Bitcoin Corp Reports $59 Million Loss in Q4, Stock Price Down About 90% from High

Odaily News: American Bitcoin Corp, a mining company backed by the Trump family, disclosed a net loss of $59 million for the fourth quarter.

The company previously went public on Nasdaq during the crypto market boom. However, as the industry has experienced a significant correction since 2022, its stock price has fallen by approximately 90% from its high last September, with its market capitalization shrinking notably. Following the earnings report, the company's stock price declined again by nearly 3%, trading at just over $1 per share. (Bloomberg)