Odaily Planet Daily reports that American Bitcoin Corp, a mining company supported by the Trump family, disclosed a net loss of $59 million in the fourth quarter.
The company previously went public on NASDAQ during the crypto market boom, but as the industry has experienced a significant correction since 2022, its stock price has fallen approximately 90% from its peak in September last year, with a substantial decrease in market value. After the earnings report was released, the company’s stock price dropped nearly 3% again, trading at just over $1 per share. (Bloomberg)
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