American Bitcoin's $126M Q3 profit hinges on Bitcoin gain, not mining
Image: Cryptopolitan
The Bitcoin miner co-founded by Eric Trump, American Bitcoin (NASDAQ: ABTC), reported $126 million in net income during Q3 2026, a reversal in fortunes for a firm that lost $52 million in the previous quarter. Most of the dollar gains American Bitcoin reported for the third quarter came from a Bitcoin rally that added $197.3 million to the firm’s bottom line, rather than from its mining business. The firm holds 8,427 BTC in its corporate stockpile. American Bitcoin profits swing with BTC price American Bitcoin has jumped from the loss to profit column from the second and third quarters of the year, going from a $57.2 million net loss in Q2 to $126 million in Q3 2026.
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