American Bitcoin, the Bitcoin mining company co-founded by Eric Trump, released its Q1 2026 financial report. The data shows that the company suffered a net loss of $81.8 million in the quarter, higher than the $59.5 million in the previous quarter; mining revenue was $62.1 million, lower than the $78.3 million in the previous quarter. The report shows that the volatility of digital asset value was the main source of losses, amounting to $117.2 million, significantly affected by the 22% drop in Bitcoin's price in Q1. Despite this, the company mined 817 BTC in Q1 and added 803 BTC to its reserves, increasing its total holdings to 7021 BTC. American Bitcoin stated that its cost of mining a single Bitcoin has dropped to $36,200, a 23% decrease from the previous quarter. (The Block)