American Bitcoin, the Trump family-linked Bitcoin miner, produced a record 932 BTC in the second quarter, lifting mining revenue 8% to $67 million from $62.1 million. The Nasdaq-listed company reported a net loss of $57.2 million, narrowing from an $81.8 million Q1 loss. American Bitcoin completed a 1-for-15 reverse stock split last month to maintain its Nasdaq listing after its shares fell below the exchange’s minimum bid requirement. As of June 30, the company held approximately 8,002 BTC and was ranked as the 16th-largest Bitcoin treasury company according to Bitcoin Treasuries data.
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