Trump Family Mining Firm American Bitcoin Records $153M Full-Year Net Loss in 2025 Due to Hodling

BlockBeats News, February 26th. According to the financial report released by American Bitcoin, a crypto mining company supported by the Trump family, the company achieved a revenue of $185.2 million in its first year of operation, with a full-year net loss of $153.2 million. The loss was mainly due to a $227.1 million non-cash unrealized loss on Bitcoin holdings caused by fair value accounting adjustments. American Bitcoin also reported an adjusted EBITDA of -$157.3 million for the year.

Despite the loss, the company rapidly expanded its Bitcoin holdings, ending the year with 5,401 BTC on its balance sheet as of the end of 2025. The company stated that it mined a total of 1,654 BTC from early Q2 to year-end, with 783 BTC mined in Q4. Approximately one-third of the year-end Bitcoin holdings were from mining, with the rest obtained through strategic trades and market purchases.

With the expansion of mining scale and operational improvements, the company generated a Q4 revenue of $78.3 million, representing a 22% increase from the previous quarter. The annual gross profit margin was approximately 50%, allowing it to accumulate Bitcoin at a structural discount to spot prices, with a Q4 gross margin of 53%.