Eric Trump’s Bitcoin Mining Firm Loses $600M as AI Boom Hits Crypto Miners

President Donald Trump’s son Eric’s Bitcoin mining venture has reportedly erased nearly $600 million in market value after its stock crashed more than 95% from its peak. 

While the company continues adding Bitcoin to its treasury, investors are moving away from crypto mining stocks and putting more money into AI companies.

American Bitcoin Stock Crashes Over 95%

American Bitcoin, the Trump family backed mining company, has become one of the biggest losers in the mining industry.

According to the report, Eric Trump’s roughly 6% stake in the company has lost more than $600 million in market value over the past 10 months after American Bitcoin shares plunged over 95% from their peak.

The decline pushed the company to carry out a 1-for-15 reverse stock split to keep its Nasdaq listing. Despite the move, the American Bitcoin Corp (ABTC) stock has recently fallen about 77% this year.

Meanwhile, the company also reported an $81.8 million net loss in the first quarter, mainly due to a drop in the value of its Bitcoin holdings.

Bitcoin Treasury Keeps Growing

Despite the $600 million loss and stock collapse, American Bitcoin continues building its Bitcoin reserve.

The company now holds around 8,000 BTC, worth roughly $504 million, making it the 16th-largest corporate Bitcoin holder.

However, this suggests the company remains committed to its long term Bitcoin strategy even as the mining business faces one of its toughest periods in recent years.

AI Boom Is Leaving Bitcoin Miners Behind

The decline isn’t just about Bitcoin’s price. Many mining companies are facing lower profits because mining has become more expensive.

Several listed miners, including Riot Platforms, Cipher Mining, MARA Holdings, and TeraWulf, have expanded into AI data centers by leasing their computing infrastructure to AI companies. Their shares have gained more than 60% on average this year.

The reported $600 million loss shows the decline in the market value of Eric Trump’s stake, not money that has been realized through selling shares.

While President Donald Trump recently disclosed more than $1.4 billion in crypto-related earnings last year.

• BTC$ 78,568.78(-0.75%)

Donald Trump Donald Trump Donald J. Trump is a US-based business tycoon,  pro-crypto politician, and 47th (present) President of the United States. He comprehends the significance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto politician.   Once doubtful about Bitcoin's dominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his portfolio. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Quick Facts   Field Details Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Famous For Business, Politics CryptoStance Strongly pro-crypto; aims to make the U.S. the "crypto capital of the planet." In 2025, he established the Strategic Bitcoin Reserve and signed the GENIUS Act to regulate stablecoins.   Career overview of Donald Trump:   Donald Trump is an American business magnate, media personality, and the 45th and 47th President of the United States. He grew his family's real estate business and completed large projects in Manhattan, including Trump Tower. His name also became a global brand for hotels, buildings, and other businesses. Trump eventually entered television and rose to prominence as the host of NBC's The Apprentice, becoming a well-known public figure across the country.   His political career began with a decisive populist victory in the 2016 presidential election. During his first term, his administration pushed tax cuts and reshaped the federal judiciary with a strong conservative approach. After returning to office in 2025, his second term focused heavily on financial technology and digital assets. He signed the GENIUS Act and issued an Executive Order to create the first U.S. Strategic Bitcoin Reserve, strengthening his position as a pro-crypto leader.   Donald Trump - Career Highlights & Events   2016 - Elected 45th President of the United States by the Republican Party. 2017 - Signed the Tax Cuts and Jobs Act, which affected investment environments. 2019 - Slammed crypto leader Bitcoin on X, claiming it is "not money." 2025 – A gala party was hosted by him for the top 220 Trump meme coin holders. President