American Bitcoin Corp., the Trump family-linked mining company, reported a fourth-quarter net loss of $59 million as bitcoin prices fell, cutting the value of its digital asset holdings.
The Miami-based firm, which trades on the Nasdaq under the ticker ABTC, said revenue for the three months ended Dec. 31 totaled $78.3 million, up from $64.2 million a year earlier but slightly below analyst estimates of $79.6 million. For the full year, the company generated $185.2 million in revenue.