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Economic Times02.05.2026BusinessIndia

Chip companies chase expert chefs to serve expats

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American Bitcoin's Crypto Strategy Leads to Stock Slump and Reverse Split

American Bitcoin Corp., co-founded by Eric Trump, has seen its shares plummet over 95% from their peak, erasing over $600 million from his stake. The company underwent a 1-for-15 reverse stock split to maintain its Nasdaq listing, hitting an all-time low stock price. This downturn highlights a shift in investor preference from pure crypto mining to companies repurposing infrastructure for AI data centers.

Economic Times