American Bitcoin reports narrower quarterly losses but misses revenue estimates amid mining expansion efforts.
American Bitcoin, linked to Donald Trump’s family, reported an $82 million loss for the first quarter, missing analyst revenue expectations. The company narrowed its losses compared to previous periods as it increased mining capacity.
Revenue fell short of consensus estimates, though the loss was smaller than in prior quarters. The firm has been scaling operations to boost production, a move analysts say could improve long-term margins.
Shares showed limited reaction in after-hours trading, reflecting investor focus on operational growth over short-term earnings.