Trump Family-Linked Bitcoin Miner Has Another Quarterly Loss (1)

American Bitcoin Corp., the Trump family-backed miner launched last year just before the largest digital asset plunged from record highs, posted a second consecutive quarterly loss after a drop in the value of its holdings.

The net lost was $82 million in the first quarter, compared with $59 million in the three-months ended Dec. 31, the Miami-based company said in a statement Wednesday. Revenue declined about 20% to $62 million, reflecting lower average revenue per Bitcoin mined.

American Bitcoin has been one of the few public companies that stay sorely focused on minting the token amid an industry-wide ...