ABTC reports Q2 net loss; mining output rises
American Bitcoin Corp. (NASDAQ:ABTC) posted a Q2 net loss of $57.2M, while mining output rose 14% to 932 BTC, boosting its treasury to about 8,002 BTC and 28 EH/s.
American Bitcoin Corp. 2M hit on online assets, even as mining output increased 14% to 932 BTC. The company said its treasury rose to about 8,002 BTC and that it was operating at 28 EH/s, or about 3% of the global hash rate, amid steep, volatile share declines.