COINDESK · 2026-11-05 11:46 UTC

Trump-linked American Bitcoin swings to $126 million profit but misses revenue estimates

American Bitcoin Corp. reported $126 million profit in Q3, reversing a $57.2 million Q2 loss, driven by a $197.3 million accounting gain on digital assets. Revenue fell to $63.4 million from $67 million in Q2, missing analyst estimates of $74 million, though EPS of $1.73 beat the 26-cent forecast. The company held 8,427 BTC at quarter-end, mined 891 BTC, but saw mining costs rise to $42,100 per coin from $36,500 due to higher electricity prices.

Loading the story on Tree News…