Trump-backed American Bitcoin posts $57m loss but grows its BTC treasury

American Bitcoin lost money again in the second quarter, and kept buying bitcoin anyway. The Trump-family-backed miner reported a net loss of $57.2m for the three months to June, narrower than the $81.8m loss it booked the quarter before. Mining revenue rose 8% to $67m, and the company produced a record 932 bitcoin over the […] This story continues at The Next Web