American Bitcoin Company reported a first-quarter loss of $81.7 million, despite a 400% year-over-year revenue increase to $62.1 million. The company's revenue fell 17% short of analyst expectations, and it reported a loss of 8 cents per share, compared to Wall Street's forecast of a 1 cent loss. The company, which trades on Nasdaq following a merger with Gryphon Digital Mining, is part of a Trump-affiliated group. Operational improvements were noted, with the company mining a record 817 Bitcoin in Q1, up from 783 in Q4 2025. The cost per Bitcoin dropped to $36,200 from $46,900, attributed to stable fixed costs and disciplined energy pricing. Despite these gains, market pressures persist, with Bitcoin prices declining from a January high of $97,000 to around $81,000. American Bitcoin's stock closed at $1.23 in after-hours trading, down 1.6%, reflecting ongoing challenges in the mining sector.