Trump-backed American Bitcoin reached approximately 8,002 BTC, worth roughly $512 million, at the end of the second quarter, up 14% from the previous quarter. The company produced a record 932 Bitcoin during this period, with mining revenue of $67 million. Despite a net loss of $57.2 million (improved from $81.8 million in Q1), gross margin remained close to 50% and mining cost stayed stable at approximately $36,500 per Bitcoin. President and interim CFO Matt Prusak announced his departure to join Giga Energy.
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