American Bitcoin Corp., a Bitcoin mining company backed by the Trump family, reported a net loss of approximately $82 million for the first quarter of 2026, marking its second consecutive quarterly loss. This loss exceeds the previous quarter's $59 million deficit. The company's revenue fell by about 20% to $62 million, primarily due to a decrease in average mining income per Bitcoin and a decline in the value of its Bitcoin holdings. Despite the financial setbacks, American Bitcoin Corp. increased its Bitcoin holdings by approximately 1,600 BTC in the first quarter, expanding its total holdings by about 30%. The company continues to bolster its reserves through Treasury purchases. Since its Nasdaq debut in September 2025, the company's stock has plummeted nearly 90% from its peak.