Q2 saw American Bitcoin, a Nasdaq-listed mining company co-founded by Eric Trump and Donald Trump Jr., report record production of 932 Bitcoin. This contributed to an 8% revenue increase from $62.1 million in Q2 to $67 million. Despite the net loss of $57.2 million, this figure narrowed compared to the previous quarter’s $81.8 million. The company completed a reverse stock split in June to maintain its Nasdaq listing after shares fell below the minimum bid requirement.
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Written by James Tobias
Bitcoin Desk
