Trump Family-Linked Bitcoin Miner Posts Second-Quarter Loss

American Bitcoin Corp, a cryptocurrency miner backed by the Trump family, reported a loss for the second quarter. This represents the third consecutive quarterly loss since the company launched last year, just before cryptocurrency values fell from record highs. The financial results are driven by a decline in the value of its holdings. The Trump brothers-backed entity continues to experience negative swings as it navigates the volatile market conditions affecting its digital asset portfolio.