American Bitcoin’s $126 Million Quarterly Profit Comes From Its Bitcoin Treasury Gain
By Unchained
AI summary of the source article
American Bitcoin Corp. reported third-quarter 2026 net income of about $126 million, driven by a $197.3 million gain on its digital asset holdings. Meanwhile, quarterly mining output fell to 891 bitcoin as production costs increased to $42,100 per coin.
Key facts
- American Bitcoin reported net income of about $126 million for Q3 2026, up from a $57.2 million net loss in Q2.
- The quarterly turnaround was driven by a $197.3 million gain on digital assets, alongside a $64.3 million derivatives loss.
- Mining production fell to 891 bitcoin while production costs per bitcoin increased roughly 15% to about $42,100.
Source excerpt · Unchained
Without a $197.3 million accounting gain on the bitcoin it holds, the Eric Trump co-founded miner would have lost about $70 million before taxes, as output, revenue and margins slipped from the second quarter. The post American Bitcoin’s $126 Million Quarterly Profit Comes From Its Bitcoin Treasury Gain appeared first on Unchained .