🚨 NEW: TRUMP-BACKED BITCOIN MINER REPORTS $59M Q4 LOSS — BBG

American Bitcoin Corp, the Trump family-backed $BTC mining venture, posted a $59 million loss in Q4, according to Bloomberg.

The results highlight the ongoing pressure across the mining sector from:

• High energy and operating costs

• Hashrate competition

• Capital expenditure for next-gen hardware

• Bitcoin price volatility during the period

Despite the loss, the broader thesis for publicly traded miners continues to hinge on BTC price strength, efficiency upgrades, and access to low-cost power.

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