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Donald Trump Family-backed American Bitcoin Corp. posted a fourth-quarter loss of $59 million, with its stock price down about 90% from its peak
Svmuu News: American Bitcoin Corp, a mining company backed by the Donald Trump family, reported a net loss of $59 million for the fourth quarter.The company previously listed on Nasdaq during the crypto market boom, but as the industry has experienced a significant correction since 2022, its stock price has fallen by approximately 90% from its peak last September, resulting in a significant decline in market capitalization.Following the earnings release, the company’s stock price fell nearly 3% again, trading at just over $1 per share. (Bloomberg)
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