According to CoinMeta, despite the US Bitcoin company reporting a net loss of $57.2 million in the second quarter, ABTC's stock still rose by 4.62% to close at $5.72. The company mined 932 Bitcoins in the second quarter, setting a new record for quarterly production since its establishment, an increase of 14% from 817 in the first quarter. As of June 30, the company's Bitcoin reserves had increased to about 8,002 coins, and Eric Trump stated that by the end of the quarter, the reserves had risen to about 8,300 coins. Despite the pressure of declining Bitcoin prices, CEO Mike Ho said that the company focused on controllable factors and achieved record production.