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Techub News reports that, according to CoinDesk, the mining company supported by the Trump family, American Bitcoin, released its first-quarter financial report, with mining costs down 23% quarter-over-quarter to approximately $36,200. The company's net loss for the quarter was $81.8 million, mainly due to impairment on Bitcoin holdings, but its core mining operations were actually profitable. During the reporting period, the company's Bitcoin holdings increased by 30% to 7,021 coins. While most publicly listed mining companies are shifting toward AI and high-performance computing businesses, American Bitcoin remains focused on reducing mining costs and expanding hash rate capacity, with total hash rate reaching 28.1 exahash by the end of the quarter.