American Bitcoin (ABTC) Posts $59M Q4 Loss Amid Bitcoin Slump

American Bitcoin Corp. (Nasdaq: ABTC), a Trump family-linked mining company based in Miami, reported a $59 million fourth-quarter net loss after a 23% drop in bitcoin’s price triggered a $227 milli...

By · · 1 min read
American Bitcoin (ABTC) Posts $59M Q4 Loss Amid Bitcoin Slump

Source: Bitcoin Magazine

American Bitcoin Corp. (Nasdaq: ABTC), a Trump family-linked mining company based in Miami, reported a $59 million fourth-quarter net loss after a 23% drop in bitcoin’s price triggered a $227 million non-cash mark-to-market charge