American Bitcoin Corp., the Trump family-backed miner that rode the crypto euphoria to a blockbuster Nasdaq debut, is caught in the wreckage of the industry’s deepest rout since 2022.
The Miami-based firm reported a $59 million loss for the fourth quarter on Thursday, results that come amid a stock selloff that has wiped out almost 90% of the firm’s market value since the September high as the broader Trump digital-asset trade misfires.