The Hut 8 subsidiary increased its Bitcoin holdings by 14% in the second quarter even as Bitcoin’s price fell.

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.