Deep Tide TechFlow News, February 26, according to Bloomberg, the mining company supported by the Trump family, American Bitcoin, announced a net loss of $59 million in the fourth quarter. Due to a write-down of the company's Bitcoin reserves, an unrealized loss of $227 million was recorded for the year. Since its peak in September, the company's market value has evaporated by nearly 90%. Notably, American Data Centers, which is supported by Trump's sons, was originally designed as an artificial intelligence infrastructure provider and later became part of American Bitcoin.
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Deep Tide TechFlow News, February 26, according to Bloomberg, the mining company supported by the Trump family, American Bitcoin, announced a net loss of $59 million in the fourth quarter. Due to a write-down of the company's Bitcoin reserves, an unrealized loss of $227 million was recorded for the year. Since its peak in September, the company's market value has evaporated by nearly 90%. Notably, American Data Centers, which is supported by Trump's sons, was originally designed as an artificial intelligence infrastructure provider and later became part of American Bitcoin.