Trump Brothers' Bitcoin Miner Swings to Loss -- WSJ
Dow Jones2026/08/03 12:07By Vicky Ge Huang
American Bitcoin, the bitcoin mining and treasury firm backed by Eric Trump and Donald Trump Jr., reported a loss for the second quarter.
-- The company, formed in March last year through a spinoff from another bitcoin miner, reported a net loss of $57 million for the quarter, compared with a profit of $3.4 million during the same period a year ago, according to a filing.
-- Revenue more than doubled on year to $67 million.
-- The company ended June with 8,002 bitcoins, worth about $500 million based on current prices. Its market valuation is just over $400 million.
American Bitcoin debuted as a publicly traded company in September 2025. Shares have plummeted since then. They fell about 2% in premarket trading today.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 03, 2026 08:07 ET (12:07 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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