American Bitcoin NASDAQ: ABTC reported higher second-quarter Bitcoin production and revenue as the company brought its Drumheller facility online at scale, while a decline in Bitcoin prices contributed to a GAAP net loss tied largely to fair-value accounting for its digital-asset holdings.
American Bitcoin Corp. (ABTC) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of $0.01. This compares to a loss of $0.45 per share a year ago.
American Bitcoin , backed by two of U.S. President Donald Trump's sons, swung to a fourth-quarter loss on Thursday amid a weakness in the digital assets space.