Trump Sons’ Bitcoin Miner Suffers $82M Q1 Loss Despite Record Production

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President Trump sons’ <a href="https://minority-mindset.com/btc-usd/">Bitcoin</a> miner stumbles with $82M Q1 loss

American Bitcoin experienced a loss of $81.7 million in the first quarter of the year, falling short of what analysts had predicted for revenue.

Summary

  • American Bitcoin reported an $81.7 million Q1 loss as revenue missed analyst forecasts by 17%.
  • The miner produced a record 817 Bitcoin while cutting mining costs to $36,200 per BTC.
  • Shares slipped as results showed pressure from lower Bitcoin prices and tighter mining margins industrywide.

A Bitcoin mining operation has connections to Eric Trump and Donald Trump Jr., the sons of former U.S. President Donald Trump.

Looking at the latest quarterly results, we saw revenue come in at $62.1 million for the period ending March 31st. While that’s a significant jump from the $12.3 million we reported this time last year, it’s a bit of a decrease from the $78.3 million we saw in the fourth quarter of 2025. On the loss side, things are improving – Reuters reports that our loss was smaller than the $100.6 million loss from a year ago.

Mining output reaches record level

American Bitcoin produced a record 817 Bitcoin during the first three months of the year. They also purchased an additional 803 Bitcoin using company funds. As of March 31st, the company held over 7,000 Bitcoin, an increase from the 5,401 they held at the end of 2025.

In the first quarter, the company reported its Bitcoin mining costs decreased to around $36,200 per Bitcoin, a drop from approximately $46,900 in the previous quarter. They attributed this reduction to increased production and better management of energy costs.

ASIC rollout expands hash power

Crypto.news reported that American Bitcoin has put 11,298 new mining computers (ASIC miners) into operation. This increased their total mining power to around 28.1 EH/s. The addition brings their total number of miners to approximately 89,242 and adds about 3.05 EH/s to their overall capacity.

The company set up new mining machines at Hut 8’s facility in Drumheller, Alberta. Following the installation, roughly 58,999 miners were operating, generating around 25.0 EH/s with an average energy efficiency of 14.1 joules per terahash.

Mike Ho, CEO of American Bitcoin, stated that the company plans to continue expanding its operations as long as it sees a good return on investment. They will also prioritize growing their Bitcoin holdings while maintaining a strong financial position.

Miner earnings remain under pressure

Bitcoin miners faced challenges recently, as a drop in Bitcoin’s price reduced their earnings. Despite this, American Bitcoin miners managed to increase their production and lower their operating costs.

As an analyst, I’ve been reviewing Hut 8’s recent financial performance, and the Q1 results are concerning. They reported a net loss of $253.1 million, largely due to unrealized losses of $295.7 million in their digital asset holdings. Revenue came in at $71 million, which fell short of the $79.4 million analysts had predicted.

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2026-05-07 10:18