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American Bitcoin Mines Record BTC, Still Loses Money | Bitcoin and Crypto News
Published 3 weeks, 3 days ago
Description
American Bitcoin, linked to the Trump family, smashed its own record mining 932 Bitcoin in Q2, boosting revenue 8% to $67 million—but still lost $57.2M, down from $81.8M in Q1. The company recently executed a 1-for-15 reverse split to stay Nasdaq-listed, and while its stock fell 6.4% Friday, it edged up slightly Monday ahead of earnings. More Bitcoin, but the financials are still tightening.
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