American Bitcoin Swings to Profit in Q3 With $126 Million Net Income

Nov. 5 — According to an official announcement, Bitcoin miner American Bitcoin (ABTC), co-founded by Eric Trump and Donald Trump Jr., reported its third-quarter 2026 financial results: net income of $126 million, versus a loss of $57.2 million in the second quarter, with profit mainly driven by about $197 million in digital asset gains; revenue was $63.4 million, below the $67 million recorded in the second quarter. As of Sept. 30, the company held about 8,427 BTC, an increase of about 425 from the end of June, of which about 3,090 were pledged to Bitmain; it mined about 891 BTC in the third quarter, with the cost per coin mined rising to about $42,100. According to Bloomberg, ABTC shares closed down 5.60% on Wednesday at $6.24.