THE BLOCK · 2026-11-05 08:52 UTC

Eric Trump's American Bitcoin swings to $126 million profit in Q3 on digital asset gains

American Bitcoin reported $126 million Q3 net income, swinging from a $57.2 million Q2 loss, driven by a $197.3 million gain on digital assets. Bitcoin holdings rose to 8,427 BTC after adding 425 BTC during the quarter, while mining revenue fell 5.4% to $63.4 million and production costs rose 15.3%. ABTC shares closed down 5.6% Wednesday but climbed 2.4% in extended trading after earnings; stock is down 76% year-to-date.

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