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Bitcoin miner American Bitcoin faces $59M loss — can Trump-backed crypto venture survive 90% stock crash and Bitcoin price slump in 2026?
$59 million in quarterly losses and a 90% stock crash define the latest blow to Bitcoin miner American Bitcoin. The Trump-backed crypto venture also reported a $227 million unrealized Bitcoin reserve loss as Bitcoin price volatility shook the 2026 crypto market. Shares plunged as Bitcoin fell from $126,000 to near $70,000. With Bitcoin price volatility shaking the entire crypto mining industry in 2026, investors are asking one urgent question: can American Bitcoin Corp. recover, or is this the beginning of a structured collapse? The answer depends on Bitcoin's next move, the company's cash runway, and whether the Trump crypto trade has any political tailwind left.
Bitcoin price sinks 31% — is the correction over as BTC fights for support and JPMorgan upgrades two miners, hinting at a 2026 crypto rebound?
Bitcoin price dropped 31% in November to nearly $82,000 after Fed hawkishness, rising yields and $2 billion in liquidations hit sentiment. Key support sits at $84,000–$86,000 as whales accumulate and institutional inflows from FBTC and IBIT continue. The coin briefly touched $80,600 after peaking above $126,000 earlier this year. JPMorgan upgraded Cipher Mining and CleanSpark as HPC valuations rose to $8–$17 million per MW. Cipher’s 2026 target is now $18. CleanSpark stays at $14. Riot and MARA saw cuts, while IREN’s target rose to $39 amid updated hashrate and revenue assumptions.
IREN stock share price today rises after $9.7 billion Microsoft GPU cloud services deal. Here's companies statements, stock price performance and deal's impact on AI and cloud infrastructure market
IREN stock share price today surged over 20% after the company announced a $9.7 billion cloud services contract with Microsoft. The five-year agreement will provide access to NVIDIA GB300 GPUs, expanding IREN’s AI infrastructure operations and marking a major step beyond its bitcoin mining business.
Bitcoin hits $116K: Do on-chain metrics signal more upside?
Bitcoin hits an all-time high of $116K, driven by institutional adoption, ETF inflows, and strong on-chain metrics. With governments and investors treating it as a strategic asset, Bitcoin is evolving from speculation to a credible, global store of value amid rising geopolitical and financial uncertainty.
Bitcoin hits $100K: What investors should know
Bitcoin has achieved a monumental milestone, surpassing the $100,000 mark for the first time in its history. This psychological barrier underscores the growing adoption of digital assets as a legitimate asset class, reshaping the global financial landscape.
Cryptocurrency Price on April 12: Bitcoin trades above $71,000; Ethereum, Toncoin decline up to 3%
The global cryptocurrency market cap rose marginally by 0.13% to around $2.64 trillion in the last 24 hours.
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JPMorgan predicts Bitcoin correction once halving euphoria cools
JPMorgan: A Bitcoin code update in April called “the halving” that will reduce the amount of tokens issued daily by half to about 450 is being cited by advocates as leading to a supply shortage. Bitcoin has jumped about 45% this year to around $62,000, with demand surging from exchange-traded funds approved in January.
Crypto Price Today: Bitcoin trades near $43,000; Cardano, Polygon fall up to 4%
The crypto market seems to have been range-bound with a downward bias in the last 24 hours. BTC underwent slight selling pressure after it crossed the $43k mark.
Cryptoverse: Bitcoin miners make money ahead of 'halving'
The business has been yanked out of the doldrums by the cryptocurrency's recent rally - and now mining companies are racing to lock in profits before bitcoin's "halving", when rewards for producing the tokens are cut in half.
Cryptoverse: Bitcoin miners make money ahead of 'halving'
The business has been yanked out of the doldrums by the cryptocurrency's recent rally - and now mining companies are racing to lock in profits before bitcoin's "halving", when rewards for producing the tokens are cut in half.
Can crypto’s blockchain tech survive the test of time?
Of the seven largest cryptocurrency hacks to date, six have taken place in the past two year, with Ronin Network ($625 million, 2022), Poly Network ($611 million, 2021), and Binance ($570 million, 2022) topping the charts.
Cryptoverse: Bitcoin miners get stuck in a bear pit
Bitcoin miners' profit for one terahash per second of computing power has fluctuated between $0.119 and $0.070 a day since July, down from $0.45 in November last year and around its lowest levels for two years.
Crypto Price Today Live: Bitcoin below $20K, Ether breaches $1,500; altcoins tank
The global cryptocurrency market cap was trading significantly lower at $959.65 billion, dropping more than 3 per cent in the last 24 hours. However, the total trading volume gained as much as 8 per cent, close to $84.22 billion.
Smartkarma Research: Crypto mining industry series: Time to focus on efficient crypto miners
In July, crypto assets bottomed and stabilized after heavy losses, but we think crypto winter is here to stay. Therefore, we model an average BTC price of $35K in 2022 and $25K in 2023 under the bear case scenario. At the same time, we forecast that the average BTC price will reach $45K in 2025 and $50K in 2026.
Bitcoin could be laid low by miners' malady
The cryptocurrency's spectacular rally in 2021 drew thousands of entrants into mining, or producing new coin. As a result the hashrate, or combined computational power used by bitcoin miners globally, has roughly quadrupled over the past six months to blow past 200 million "terahashes" per second.
Bitcoin runs into Russian rules and regiments
While Bitcoin has slipped towards levels of around $42,000 in recent days, it hasn't surrendered all the gains made from lows of $32,950 hit on Jan. 24.
Russia proposes ban on use and mining of cryptocurrencies
Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism.
Russia's central bank calls for crypto crackdown
The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems.
Kazakhstan's bitcoin 'paradise' may be losing its lustre
Kazakhstan's crypto mining farms are mostly powered by aging coal plants, which are a headache for authorities as they seek to decarbonise the economy. Power-hungry miners have forced the former Soviet state to import electricity and ration domestic supplies.
From stability to turmoil, here's what's happening in Kazakhstan
Kazakhstan is the top global producer of uranium and this week's unrest prompted an 8% jump in the price of the metal that fuels nuclear power plants. It is the world's ninth biggest oil exporter, producing some 85.7 million tonnes in 2021, and its 10th largest producer of coal. It is also the world's second largest miner of bitcoin after the United States.
Kazakhstan unrest upends Bitcoin mining
The lack of connectivity disrupted huge cryptocurrency mining operations in the country, which has become one of the world's largest hubs for this activity.
Joining the league: Melania Trump launches NFT on Bitcoin's birthday
The bids are starting from a quarter of a million dollars and is titled 'The Head of State Collection'
Bitcoin enters teenage, turns Rs 1,000 in Rs 76.4 cr in 13 years
Satoshi Nakamoto released the original block, which is now known as the Genesis Block, on this day
Ban or regulate? Here's how India can resolve its cryptocurrency dilemma
India must, however, have a more nuanced approach to deal with cryptos. First, India cannot ignore a potentially vast source of revenue that cryptos represent. For a country where public spending is still the primary driver of progress and infrastructure, an accepting approach to cryptos may help tap into this tantalising source.
Crypto week at a glance: Bitcoin gets institutional attention; Ether continues to shine
Goldentree, a 45-billion-dollar asset manager, has decided to add Bitcoin to its balance sheets. According to SEC filings, Morgan Stanley and Bill Miller's Fund Bought $240M & $45M shares of Grayscale Bitcoin Trust, respectively.
Top cryptocurrency prices today: Dogecoin, Cardano fall; Binance Coin gains 4%
The global crypto market cap managed to hold near the $2 trillion mark, declining just a per cent compared to the last day. Similarly, the total crypto market volume declined about 3 per cent to $113.77 billion.
Crypto honchos see miners fleeing China as crackdown deepens
“We’re seeing a lot of those miners moving out of China to other places,” Changpeng Zhao, the CEO of Binance Holdings said in an interview at the Qatar Economic Forum on Tuesday. “Some of them are sending their mining equipment to overseas. There’s big shipments.”
Bitcoin recoups some losses in Asia after plunging on Chinese crackdown
The world's largest crypto currency was last up 3 per cent at $32,600, having dropped more than 10 per cent on Monday.
Bitcoin drops as hashrate declines with China mining crackdown
The largest cryptocurrency fell 5.5% to $34,142 as of 10:50 a.m. Sunday in New York, dropping for a fourth time in the past five sessions. Ether, the second-biggest, declined 5.9% to $2,095. The hashrate in China is dropping significantly as Bitcoin mines are being closed, Jonathan Cheesman, head of over-the-counter and institutional sales at crypto-derivatives exchange FTX wrote in an email Saturday, citing reports on Twitter from handle @bigmagicdao.
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