US Bitcoin company reported a net loss of $57.2 million in the second quarter
2026-08-03 19:31:28
According to CoinMeta, the financial report released on August 3 by the American Bitcoin company (American Bitcoin Corp) showed a net loss of $57.2 million in the second quarter, which was a reduction from $81.8 million in the first quarter. The company incurred a loss of $71.2 million on digital assets, although its production volume reached a new high, with reserves increasing to approximately 8,002 Bitcoins. The report indicated that revenue increased from $62.1 million to $67 million, and the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were negative $45 million. The company mined a total of 932 Bitcoins this quarter, setting a new quarterly production record since March 2025.
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Source:Cryptonews
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