According to Bloomberg, American Bitcoin mining company Hut 8, after partnering with Trump's son to establish American Bitcoin Corp., announced its Q1 financial report, showing a nearly 58% year-on-year revenue decline to $21.8 million and a loss of $134.3 million. The company attributed the loss to the Bitcoin halving and the suspension of mining operations for equipment upgrades. Despite this, Hut 8 still plans to continue investing in the joint venture and expand its AI high-performance computing center. Following the announcement, the company's stock price rose by 17%.