Trump Media Technology Group reported a massive loss of over $600 million in the first half of the year: abandoning cryptocurrency and betting big on nuclear fusion.

According to the Financial Times, U.S. President Trump's media company suffered significant losses in the second quarter. The company has abandoned cryptocurrency trading, pushed plans to sell access to its "Truth Social" posts, and shifted focus to the unproven commercial prospects of nuclear fusion. The company stated it will continue to advance the $6 billion merger deal reached with TAE Technologies this year. This energy company has not yet generated any revenue from its fusion business but plans to have a plant operational by 2031.