Wu Blockchain (@WuBlockchain): American Bitcoin Reports $57.2M Q2 Loss as Holdings Reach 8,002 BTC

American Bitcoin Reports $57.2M Q2 Loss as Holdings Reach 8,002 BTC American Bitcoin, co-founded by Eric Trump, reported a second-quarter net loss of $57.2 million, including a $71.2 million loss on digital assets. The company mined 932 BTC during the quarter and increased its holdings by 14% to approximately 8,002 BTC, of which about 3,090 BTC were pledged under miner-purchase agreements with Bitmain. Mining revenue rose 8% quarter over quarter to $67 million, while the cost to mine each bitcoin was approximately $36,500.