Trump family-backed American Bitcoin’s costs dropped 23% in Q1 as mining industry pivots to AI
The Trump brothers’ bitcoin mining venture has cut the cost per bitcoin by nearly a quarter in three months, bucking industry trends. American Bitcoin Corporation (ABTC) said in a filing on Wednesday that the cost of mining one Bitcoin fell to approximately $36,200 in the first quarter, down 23% from $46,900 in the fourth quarter…