BLOOMBERG · 2026-11-04 22:40 UTC

Trump Family-Linked Bitcoin Miner Posts Third-Quarter Profit

American Bitcoin Corp., a Trump family-backed Bitcoin miner, reported third-quarter net income of $126 million after three consecutive quarterly losses, with revenue of $63.4 million. The company's profit was boosted by a $197 million pre-tax gain on digital assets as Bitcoin jumped 43% in Q3. Shares fell 5.6% Wednesday following Democrats' midterm election victory, amid concerns about potential congressional oversight of Trump family business interests.

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