American Bitcoin Corp. reports $126M Q3 profit as Bitcoin value surges

American Bitcoin Corp., a Bitcoin mining company co-founded by Eric Trump, has reported a significant profit in the third quarter of 2026. This turnaround, amounting to a net income of $126 million, was primarily attributed to gains in Bitcoin’s market value. The company had previously recorded a loss of $57.2 million in the second quarter. The increase in Bitcoin’s value by approximately 39% during the quarter played a crucial role in the financial improvement, despite a decline in the company’s mining revenue and gross margins. Observers will be focusing on Bitcoin’s ability to maintain or exceed the $68,000 threshold on November 6, as current market pricing suggests this is likely.

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