Nov 5, 2026, 6:45 a.m. EST
2 min read
Summary
- American Bitcoin, the mining enterprise co-established by Eric Trump, posted a third-quarter profit of $126 million, fueled by a $197.3 million digital asset accounting gain, turning around a previous quarter loss of $57.2 million.
- Sales dropped to $63.4 million, falling short of analyst expectations as bitcoin output decreased and summer power costs elevated mining expenses to $42,100 per coin compared to $36,500.
- The firm’s bitcoin reserves grew to 8,427 from 8,002 even though no acquisitions occurred during the period, maintaining a hold-and-mine strategy while rival miners shifted toward artificial intelligence data centers.
American Bitcoin Corp. ABTC, the bitcoin BTC $80,299.52 mining business co-founded by Eric Trump, registered a $126 million net income for the third quarter of this year, reversing its $57.2 million loss seen in Q2 2026.
Based in Miami, the corporation’s turnover declined to $63.4 million from $67 million in the preceding quarter, as per financial filings released after market close on Wednesday. Total earnings incorporated a $197.3 million paper gain on virtual currencies, contrasting with a $71.2 million negative valuation adjustment in the prior period.
Earnings per share reached $1.73, surpassing the consensus analyst projection of 26 cents. Nevertheless, turnover fell short of the estimated $74 million average forecast.
ABTC equity rose roughly 1.75% to $6.35 during pre-market trading on Thursday, following a 5.6% decline to close at $6.24 on Wednesday.
Controlled primarily by Hut 8 HUT, American Bitcoin accumulated 8,427 BTC by the conclusion of September, advancing from 8,002 BTC three months prior. Management noted that zero bitcoin was acquired during the quarter and no common stock was issued via its at-the-market equity distribution facility.
The Trump-affiliated mining enterprise moved back into the black following a first-quarter deficit of $81.8 million. The organization persevered with mining and accumulating bitcoin while numerous public mining companies pivoted toward artificial intelligence (AI) infrastructure and liquidated coin holdings to fund their pivots.
The venture produced 891 BTC, down from 932 BTC in the second quarter, while incurring higher expenditures to generate each digital token. Production outlays climbed to $42,100 per bitcoin from $36,500 due to elevated summer electricity tariffs. Those expenses had previously dropped from $46,900 in Q4 2025 to approximately $36,200 in Q1 2026.
Gross earnings decreased to $25.8 million from $33 million, leaving the enterprise with a 41% gross margin, down from the previous 49%.
“Despite seasonal power cost pressures, we continued mining bitcoin at a structural discount to spot, grew our strategic reserve, and increased Satoshis Per Share by approximately 5%,” CEO Mike Ho stated.
Adjusted EBITDA, a profitability metric excluding distinct charges along with accounting fluctuations, hit $220.8 million, juxtaposed against a $45 million shortfall during the second quarter.
American Bitcoin wrapped up September operating roughly 89,242 mining rigs alongside 28.1 exahashes per second of processing power. Total bitcoin possessions encompass about 3,090 BTC allocated as collateral for equipment orders.
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Originally published at https://www.coindesk.com/business/2026/11/05/trump-linked-american-bitcoin-swings-to-usd126-million-profit-in-q3-2026.
