American Bitcoin Corp. (ABTC) reported a fourth quarter 2025 internet lack of $59.5 million, though its income climbed to $78.3 million, up 22% from the third quarter, in line with its newest earnings launch and eight‑Okay submitting with america Securities and Trade Fee (SEC).
The Trump household‑backed Bitcoin (BTC) miner posted a This autumn gross margin of 53% and stated it had “mined Bitcoin at a 53% low cost” to identify buying.
A large non‑money loss on digital property contributed to a full-year 2025 internet lack of $153.2 million, pushed largely by honest‑worth markdowns on its Bitcoin holdings.
Co-founder and chief technique officer Eric Trump stated within the launch that American Bitcoin had ended 2025 with 5,401 BTC on its stability sheet, a determine that has since “grown to greater than 6,000 Bitcoin.”
He famous extra achievements of the corporate since its inception, together with being listed on the Nasdaq in September.
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American Bitcoin additionally generated $150.5 million of gross proceeds from its at‑the‑market inventory program in This autumn to assist fund its Bitcoin accumulation technique.
The corporate stated that it mined 1,654 Bitcoin from the beginning of the second quarter by means of yr‑finish, together with 783 BTC within the fourth quarter, with mining accounting for roughly one‑third of its 5,401 BTC yr‑finish stack.
Regardless of the BTC miner’s “decisive execution” and notable BTC mined, ABTC inventory is down 85% during the last six months, in line with knowledge from Yahoo Finance.
Trump crypto commerce and miners beneath stress
The outcomes come as each Bitcoin miners and Trump‑linked crypto tasks come beneath stress. American Bitcoin’s mixture of a concentrated BTC treasury and sharp fairness drawdown makes it one of many extra seen stress factors in that ecosystem.
The World Liberty Monetary (WLFI) token, one other Trump‑linked initiative, ended 2025 buying and selling effectively beneath its preliminary highs, reflecting investor fatigue with the “Trump commerce” in digital property even earlier than the most recent market leg down.
His personal branded Official Trump (TRUMP) memecoin has additionally taken a beating, buying and selling at round $3.50 on the time of writing, down 87% from its all-time excessive of round $44 in January 2025.
Main BTC miners are feeling the ache from this newest drawdown, and are more and more transferring away from the type of pure mine-and-hoard technique on which American Bitcoin has doubled down.
On Saturday, Bitcoin miner Marathon (MARA) moved to broaden into synthetic intelligence (AI) targeted knowledge‑middle infrastructure by means of a deal that reorients a part of its enterprise towards excessive‑efficiency computing slightly than simply Bitcoin block rewards.
On the identical day, Bitdeer (BTDR) opted to liquidate its remaining Bitcoin reserves and take its treasury stability to zero, prioritizing liquidity and reinvestment over sitting on cash, and on Wednesday, Hut 8 (HUT) reported a fourth-quarter internet lack of $279.7 million, regardless of additionally pivoting assets towards AI.
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