American Bitcoin Reports $197M Crypto Gain as Mining Costs Rise

TLDR American Bitcoin recorded $126 million in third-quarter net income, reversing its $57.2 million second-quarter loss. The company’s $197.3 million digital asset gain helped offset lower mining revenue and higher operating costs. Bitcoin mining revenue declined 5.4% to $63.4 million, while production dropped to approximately 891 BTC. The average cost of mining one Bitcoin increased to $42,100 from $36,500 in the previous quarter. American Bitcoin increased its Bitcoin reserves by approximately 425 BTC, bringing total holdings to 8,427 BTC. American Bitcoin returned to profit in the third quarter of 2026 after recording a $197.3 million gain on its digital assets. Its mining business produced fewer coins and earned less revenue than in the previous quarter.

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