American Bitcoin shifted into profitability during the third quarter after logging a $197.3 million increase in the value of its digital assets, successfully counterbalancing softer mining income and increased operational expenditures.
The bitcoin mining firm, established alongside Eric Trump, announced a net profit of $126 million for the period concluding on September 30, contrasting with a net deficit of $57.2 million during the preceding quarter, based on a released statement. In the prior three-month period, the enterprise had registered a $71.2 million devaluation on its crypto holdings.
American Bitcoin noted that its adjusted EBITDA likewise moved into positive territory at $220.8 million, up from a $45 million deficit in Q2. Conversely, revenue derived from mining decreased by 5.4% quarter over quarter, dropping to $63.4 million from $67 million, while bitcoin production dropped by 4.4% to roughly 891 BTC compared to the previous 932 BTC.
“These are notable outcomes, especially within a difficult cryptocurrency environment, and they demonstrate the rigorous approach and sustained dedication supporting this enterprise,” stated Eric Trump within the announcement. “However, our potential reaches far beyond any single three-month window.”
Regarding expenses related to creation, the organization reported that expenditures climbed 15.3% to approximately $42,100 compared to $36,500. The gross margin contracted to 41% from 49%, whereas gross profit dropped to $25.8 million from $33 million.
Bitcoin holdings rise
American Bitcoin liquidated a segment of its newly mined bitcoin output to fund daily operational expenses, the firm disclosed, while simultaneously expanding its reserve by around 425 BTC and executing no direct acquisitions in this timeframe. This activity elevated its cumulative holdings to 8,427 BTC by the conclusion of September.
Cumulative bitcoin treasury holdings by public companies. Image: The Block.
The enterprise’s stock finished Wednesday with a 5.6% loss yet rebounded by 2.4% during after-hours sessions following the financial disclosure. Overall, the equity has experienced a 76% decline since the start of the year.
In parallel, other mining operations also disclosed considerable profits from digital assets. Hut 8 revealed $189.5 million in Q3 net income, which featured $413.8 million in predominantly unrealized crypto valuation increases.
Riot Platforms announced $181.4 million in quarterly turnover, which included $116 million generated directly through bitcoin mining operations.
Originally published at https://www.theblock.co/news/business/2026-11-05-american-bitcoin-swings-to-profit-434413.
