The Trump-family-backed miner American Bitcoin posted a $57.2m Q2 loss but grew its treasury to 8,002 coins, sticking to a mine-and-hold strategy.

American Bitcoin Corp posted a $57.2M Q2 loss despite $67M in mining revenue, while growing its Bitcoin treasury 14% to 8,002 BTC.

Trump-family-linked Bitcoin miner American Bitcoin reported record quarterly Bitcoin production, an 8% increase in mining revenue and a narrower second-quarter net loss.