Trump Brothers' American Bitcoin Mining Firm Reports $59 Million Q4 Loss

American Bitcoin, the Bitcoin mining firm co-founded and strategically advised by President Donald Trump's sons, Eric Trump and Donald Trump Jr., recorded a loss amid weakened crypto prices in Q4. The company posted a net loss of $59.45 million in the fourth quarter, compared with a $3.48 million profit a year ago. The company had also reported a profit in the previous quarter. American Bitcoin reported revenue of $78.3 million in the three months ended December 31, compared with $64.2 million in the pr ...