American Bitcoin’s Trump‑Backed Mining Bet Nets $59M Q4 Loss
27.02.2026
8892
American Bitcoin Corp. (ABTC) reported a fourth quarter 2025 net loss of $59.5 million, even though its revenue climbed to $78.3 million, up 22% from the third quarter, according to its latest earnings release and 8‑K filing with the United States Securities and Exchange Commission (SEC).
American Bitcoin’s Trump‑Backed Mining Bet Nets $59M Q4 Loss
American Bitcoin Corp. (ABTC) just posted a brutal Q4 loss of $59.5 million — even as revenue jumped 22% to $78.3 million. The Trump family‑backed miner filed an 8‑K with the SEC showing a 53% gross margin and claims it “mined Bitcoin at a 53% discount” to spot prices. But non‑cash losses on its BTC stash drove a full‑year 2025 net loss of $153.2 million.
Co‑founder and chief strategy officer Eric Trump dropped the stats: ABTC ended 2025 with 5,401 BTC on its balance sheet, now “grown to more than 6,000 Bitcoin.” He also flexed the company’s Nasdaq listing in September and the $150.5 million raised via its at‑the‑market stock program in Q4 to fuel its Bitcoin accumulation strategy.
From Q2 through year‑end, ABTC mined 1,654 Bitcoin — 783 BTC in Q4 alone. Mining accounted for roughly one‑third of its year‑end stack. But despite the “decisive execution,” ABTC stock is down 85% over the last six months, per Yahoo Finance data. Ouch.
Trump crypto trade and miners under pressure
The results hit as both Bitcoin miners and Trump‑linked crypto projects face serious pressure. ABTC’s concentrated BTC treasury and sharp equity drawdown make it a visible stress point in that ecosystem.
The World Liberty Financial (WLFI) token, another Trump‑linked play, ended 2025 trading well below its initial highs — showing investor fatigue with the “Trump trade” even before the latest market dip.
His own branded Official Trump memecoin is also getting wrecked, trading around $3.50 at press time — down 87% from its all‑time high of ~$44 in January 2025.
Major BTC miners are feeling the pain and pivoting away from the pure mine‑and‑hoard strategy ABTC is doubling down on.
- • Marathon (MARA) just expanded into AI‑focused data‑center infrastructure, shifting part of its biz toward high‑performance computing.
- • Bitdeer (BTDR) liquidated its remaining Bitcoin reserves to zero, prioritizing liquidity and reinvestment over holding coins.
- • Hut 8 (HUT) reported a Q4 net loss of $279.7 million despite also pivoting resources toward AI.
#SEC#Bitcoin mining#Cryptocurrency Losses#Trump's Crypto Empire#Crypto company financial reports
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