Trump Sons’ Bitcoin Company Loses $59 Million in Fourth Quarter

American Bitcoin Reports $59.45 M Loss in Q4 2025

American Bitcoin, a mining firm linked to former President Donald Trump’s sons, posted a $59.45 million loss in the last quarter of 2025.

• Prior year performance: The company earned a profit of $3.48 million in the same period last year and had made money in the previous quarter, showing a sharp reversal.
• Revenue: Revenue climbed to $78.3 million from $64.2 million a year earlier, though analysts had expected about $79.6 million.
• Bitcoin holdings: As of early February 2026, the firm claims it holds more than 6,200 bitcoins. Some of these coins are kept in a partnership with Bitmain for future mining equipment purchases.
• Bitmain deal: Last year, American Bitcoin agreed to buy 16,000 rigs from Bitmain and will pay with “pledged” bitcoins that can be redeemed within two years. The company says these pledged coins are not shown on its audited balance sheets as of September 30, 2025.
• Business model: The company markets itself as a “full stack” player: it mines bitcoin, builds a treasury, and aims to make America the world’s leading bitcoin hub.
• Stock performance: Its shares trade under ABTC on Nasdaq and have dropped 39% since the start of the year, a larger fall than bitcoin’s own 23% decline.
• Bitcoin price context: At the time of writing, bitcoin was trading near $67,361 after a small daily drop.

The company’s financial troubles highlight the risks of crypto mining and the volatility of bitcoin prices.