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Trump Family Mining Firm American Bitcoin Records $153M Full-Year Net Loss in 2025 Due to Hodling

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Feb. 26 — American Bitcoin, a crypto mining firm backed by the Trump family, reported $185.2 million in revenue for its first year of operations, alongside a full-year net loss of $153.2 million. The loss was primarily driven by a $227.1 million non-cash unrealized loss on its Bitcoin holdings, stemming from fair value accounting adjustments. The company also posted an adjusted EBITDA of -$157.3 million for the year. Despite the loss, American Bitcoin expanded its Bitcoin holdings rapidly, ending 2025 with 5,401 BTC on its balance sheet. The firm mined 1,654 BTC from early Q2 through year-end, including 783 BTC in Q4. Roughly one-third of its year-end Bitcoin holdings came from mining, with the remainder acquired via strategic trades and market purchases. Driven by expanded mining scale and operational improvements, the company’s Q4 revenue hit $78.3 million, a 22% jump from the prior quarter. Its annual gross profit margin stood at approximately 50%, enabling it to accumulate Bitcoin at a structural discount to spot prices. Q4 gross margin reached 53%.
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Benchmark Reiterates 'Buy' Rating on Hut8 and $85 Price Target

February 27: Benchmark Reaffirms "Buy" Rating on Hut 8, $85 Price Target; 2026 Framed as "Year of Execution & Delivery" for AI Data Center Push Benchmark analyst Mark Palmer noted in the report that while Q4 performance was impacted by unrealized Bitcoin losses, Hut 8 is steadily evolving into a "power-first digital infrastructure platform" with a clearer long-term contracted cash flow path. Hut 8 posted a Q4 net loss of $301.8 million—primarily driven by a $401.9 million unrealized loss on digital assets—but hashrate revenue growth lifted year-over-year revenue nearly threefold to $88.5 million. Palmer identifies the 15-year, 245-megawatt IT lease with River Bend and Fluidstack (backed by Google’s financial support) as the core of his investment thesis: roughly $7 billion in underlying term commitments are pushing Hut 8’s valuation toward infrastructure-type multiples. Benchmark’s $85 price target stems from a sum-of-the-parts analysis covering: the River Bend lease, a pro

3 minutes ago

Whale Trader of the "pension-usdt.eth" Contract Longed Up to 533 BTC

On February 26, per HyperInsight monitoring, the contract trading whale address "pension-usdt.eth" reopened a 3x BTC long position amid a crypto market downturn. After repeatedly adding to the position, the whale’s long position now stands at 533.7 BTC—valued at roughly $35.9 million. It is still placing orders to further expand the position.

3 minutes ago

A certain contract whale took advantage of the market dip to restart their long position, and is now long 122 BTC

February 26 – Per HyperInsight monitoring, crypto whale address "pension-usdt.eth" reopened a 3x leveraged long position on BTC amid the market pullback. The address currently holds a 122.34 BTC long position (valued at ~$8.2 million) and is still adding to the position with ongoing orders.

3 minutes ago

Resolv to Integrate the JAAA Fund into the Revenue Architecture with a Deployment Scale Limit of $100 Million

On February 26, on-chain yield protocol Resolv announced it has integrated the Janus Henderson Anemoy AAA CLO Fund (JAAA) into its on-chain asset allocation framework via RWA infrastructure platform Centrifuge, with a $100 million deployment cap. Resolv intends to leverage the asset with a maximum 80% Loan-to-Value (LTV) ratio through the Aave Horizon institutional instance to boost capital efficiency. JAAA invests in various tranches of AAA-rated Collateralized Loan Obligations (CLOs), backed by senior secured corporate loans with floating interest rates at the underlying level.

3 minutes ago

Binance Research: Bitcoin Leverage Ratio Data May Signal Imminent Short-Term Bottom

Binance Research noted in a social media post on February 26 that Bitcoin’s leverage ratio has surged to its highest level since last November—price declines have outpaced the deleveraging process. This passive leverage increase signals the market is at a peak pressure point, pointing to a potential short-term bottom as deleveraging slows and liquidity tightens gradually.

3 minutes ago

Binance Selects Greece as EU Regulatory Base Ahead of MiCA Deadline

Binance Picks Greece as EU Regulatory Hub Ahead of MiCA Deadline Binance Co-CEO Richard Teng noted Greece’s workforce and safety conditions gave it an edge over bigger financial centers in the firm’s choice of a European regulatory base. The crypto exchange applied last month to operate in Greece under the EU’s Crypto Asset Market Regulation (MiCA) framework. Under MiCA rules, crypto firms must secure a license by July 2026 to keep operating in the EU. While Germany has issued 45 licenses and the Netherlands 22, Greek regulatory data shows no approvals have been granted yet—making Binance’s pick particularly notable.

3 minutes ago

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