Bitcoin
American Bitcoin Loses 92% Since Reverse Merger, Outpacing Bitcoin
TokenPost·September 29, 2026·1 min read
American Bitcoin, the Hut 8-owned mining company, has lost 92% since its reverse merger, outpacing Bitcoin's decline. The company recorded more than $288 million in net losses across 2025 and the first half of 2026, reflecting severe financial struggles amid the crypto market downturn.
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