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00:02American Bitcoin shares fell more than 9% Thursday, according to Decrypt.
00:07The company reported a 20% decline in quarterly mining revenue
00:11and a net loss of nearly $82 million in Q1 2026, up 37% from Q4 2025 losses.
00:19The Bitcoin miner and treasury firm co-founded by Eric Trump
00:23increased its Bitcoin holdings by more than 1,600 Bitcoin during the quarter
00:27and lowered mining costs to about $36,200 per coin from $46,900 in Q4.
00:35The company said it holds about $583 million worth of Bitcoin.
00:40CEO Mike Ho said lower Bitcoin prices created non-cash accounting headwinds during the quarter
00:45and said the company would have been profitable without the required mark-to-market adjustment.
00:49American Bitcoin also added more than 11,000 Bitmain mining rigs,
00:54expanding its fleet to nearly 90,000 miners.
00:57For all things money, visit Benzinga.com.
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