The Economic Times

Bitcoin miner American Bitcoin faces $59M loss can Trump-backed crypto venture survive 90% stock crash and Bitcoin price slump in 2026?

$59 million in quarterly losses and a 90% stock crash define the latest blow to Bitcoin miner American Bitcoin. The Trump-backed crypto venture also reported a $227 million unrealized Bitcoin reserve loss as Bitcoin price volatility shook the 2026 crypto market. Shares plunged as Bitcoin fell from $126,000 to near $70,000. With Bitcoin price volatility shaking the entire crypto mining industry in 2026, investors are asking one urgent question: can American Bitcoin Corp. recover, or is this the beginning of a structured collapse? The answer depends on Bitcoin's next move, the company's cash runway, and whether the Trump crypto trade has any political tailwind left.