Supported by the Trump family, American Bitcoin Corp reported a net loss of $59 million in the fourth quarter, with its stock price down about 90% from its peak.

The mining company American Bitcoin Corp, backed by the Trump family, disclosed a net loss of $59 million for the fourth quarter.
The company was previously listed on NASDAQ during the crypto market boom, but as the industry has experienced a significant correction since 2022, its stock price has fallen approximately 90% from its high in September last year, with a noticeable decrease in market value. After the earnings report was released, the company's stock price dropped another nearly 3%, trading at just over $1 per share. $TRUMP