Eric Trump’s American Bitcoin posts $126M Q3 profit, adds 425 BTC

cryptonews11-05 18:34

American Bitcoin Corp. has reported a $126 million third-quarter profit after a $197.3 million gain in the value of its Bitcoin holdings outweighed weaker mining revenue and higher electricity costs. ...

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Its SEC filing shows the profit was driven primarily by changes in Bitcoin’s value, while quarterly mining production and gross profit declined.Bitcoin valuation gains lif","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","OOQB":"One+One Bitcoin and Ether ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","03439":"嘉实比特币","YBIT":"YieldMax Bitcoin Option Income ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","STCE":"Schwab Crypto Thematic ETF","IBIT":"比特币ETF-iShares","BTYB":"VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF","09008":"博时比特币-U","MSBT":"Morgan Stanley Bitcoin Trust ETP","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","BETH":"比特币&以太币期货ETF-ProShares","09439":"嘉实比特币-U","03008":"博时比特币","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","GUNR":"全球上游自然资源ETF-FlexShares","MAXI":"比特币期货ETF-Simplify","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","BTF":"比特币&以太币期货ETF-CoinShares","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","MNRS":"GRAYSCALE BITCOIN MINERS ETF","BITI":"1倍做空比特币期货ETF-Proshares","YBTC":"比特币看涨期权ETF-Roundhill","FBTC":"比特币ETF-Fidelity","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","BITO":"比特币期货ETF-ProShares","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","SBIT":"2倍做空比特币期货ETF-Proshares","BTC":"Grayscale Bitcoin Mini Trust","BTRN":"比特币期货ETF-Global X","BRRR":"比特币ETF-CoinShares","BPI":"Grayscale Bitcoin Premium Income ETF","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BTCI":"NEOS Bitcoin High Income ETF","ABTC":"American Bitcoin","BTFX":"比特币期货ETF-CoinShares","03042":"华夏比特币","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","ARKY":"ARK Active Autocallable Income ETF","09042":"华夏比特币-U","BTGD":"STKD Bitcoin & Gold ETF","BITX":"2倍比特币期货ETF-Volatility Shares"},"translate_title":"Eric Trump 旗下的美国比特币第三季度盈利 1.26 亿美元，新增 425 个比特币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"SBIT":0.6,"03439":0.9,"MAXI":1.5,"CBTJ":1.5,"BAGY":0.6,"IBIT":1.5,"BEGS":1.5,"OOQB":1.5,"09042":1.5,"BTGD":1.5,"BTCmain":1.5,"YBTC":1.5,"09008":1.5,"MSBT":1.5,"YBIT":1.5,"BPI":0.6,"XBTmain":1.5,"BTCZ":1.5,"BTC":0.9,"BTCI":1.5,"09439":1.5,"CBOJ":0.6,"BITO":0.6,"BTYB":1.5,"03008":0.9,"MNRS":1.5,"XBTY":0.6,"CRPT":1.5,"ABTC":1.5,"BITX":1.5,"ARKY":1.5,"BITI":0.6,"FBTC":0.6,"BITY":0.6,"BETH":1.5,"GUNR":0.9,"BTRN":1.5,"BTCL":1.5,"BTFX":1.5,"BRRR":1.5,"BETE":1.5,"BTF":1.5,"CBXA":0.6,"NCIQ":1.5,"03042":0.9,"STCE":1.5,"CBOA":0.6},"content_text":"American Bitcoin Corp. has reported a $126 million third-quarter profit after a $197.3 million gain in the value of its Bitcoin holdings outweighed weaker mining revenue and higher electricity costs.\n\n\nSummary\n\n\n\nAmerican Bitcoin reported $126 million in third-quarter net income, reversing a $57.2 million second-quarter loss.\nA $197.3 million digital-asset valuation gain contributed to the profit, while a $64.3 million derivatives loss partly offset it.\nMining revenue fell to $63.4 million, with Bitcoin production declining from 932 BTC to 891 BTC.\nBitcoin holdings increased by 425 BTC to 8,427 BTC, including 3,090 BTC pledged under Bitmain equipment agreements.\nMining costs climbed to $42,100 per Bitcoin as seasonal electricity expenses reduced the gross margin to 41%.\n\n\n\nThe Eric Trump-backed miner said in its November 4 earnings release that net income for the three months ended September 30 compared with a $57.2 million loss in the second quarter. Its SEC filing shows the profit was driven primarily by changes in Bitcoin’s value, while quarterly mining production and gross profit declined.\nBitcoin valuation gains lift American Bitcoin’s earnings\nThe company’s digital-asset gain totaled $197.3 million, reversing a $71.2 million loss on Bitcoin holdings in the preceding quarter. Its filing attributes the change to Bitcoin’s price rising from approximately $59,847 at June 30 to $83,415 at September 30, alongside growth in its reserve.\nAmerican Bitcoin records its Bitcoin at fair value each reporting period. Changes in market prices therefore pass through its income statement even when the company has not sold the coins. The quarterly profit was not entirely generated by mining operations or Bitcoin sales.\nThe filing records a separate $64.3 million loss on derivatives, primarily related to Bitcoin redemption and put options linked to mining equipment supplier Bitmain. Despite that expense, adjusted EBITDA reached $220.8 million, compared with an adjusted EBITDA loss of $45 million in the second quarter.\n\n“Despite seasonal power cost pressures, we continued mining Bitcoin at a structural discount to spot,” CEO Mike Ho said.\n\nHe explained that the company had expanded its reserve without purchasing Bitcoin or issuing shares through its at-the-market equity program during the quarter.\nHigher power costs reduce mining margins\nMining generated $63.4 million in revenue, down from $67 million in the second quarter. The company produced approximately 891 BTC, compared with 932 BTC in the preceding three months, while average revenue per Bitcoin mined slipped from $71,900 to $71,100.\nThe average cost to mine one Bitcoin climbed to $42,100 from $36,500. American Bitcoin attributed the increase primarily to seasonal electricity expenses at its sites, which reduced quarterly gross profit from $33 million to $25.8 million.\nGross margin fell from 49% to 41%. The company reported selling part of its mined Bitcoin to cover operating expenses, retaining the remainder to expand its reserve.\nMining revenue was slightly below the $64.2 million recorded a year earlier, despite production rising from approximately 563 BTC in the third quarter of 2025. The filing attributes the difference to lower average revenue per Bitcoin mined, partly offset by additional machines operating at the Vega and Drumheller sites.\nAt September’s end, American Bitcoin owned approximately 89,242 mining machines with 28.1 exahashes per second of capacity. Its fleet had reached that capacity in April following the installation of additional mining equipment.\nAmerican Bitcoin reserve increases to 8,427 BTC\nThe company’s Bitcoin reserve grew from approximately 8,002 BTC at the end of June to 8,427 BTC at September 30, a net addition of around 425 BTC.\nOf the total holdings, 3,090 BTC was pledged under miner purchase arrangements with Bitmain. The SEC filing separates that amount into 2,385 BTC classified as current assets and 705 BTC classified as noncurrent assets. Another 5,337 BTC was held in custody.\n\nAmerican Bitcoin reported Q3 2026 results, delivering continued growth in our Bitcoin reserve and Satoshis Per Share.Key highlights:• 8,427 Bitcoin held as of September 30, up approximately 5% quarter-over-quarter• Satoshis Per Share increased approximately 5%… pic.twitter.com/w7b4FHM2bG— American Bitcoin (@ABTC) November 4, 2026\n\nAmerican Bitcoin valued its total reserve at $702.9 million at quarter-end, compared with $478.9 million in June. The change includes retained mining output and changes in the market value of coins already held.\nIts satoshis per share increased approximately 5%, from 10,989 to 11,572. The measure divides the Bitcoin reserve, expressed in satoshis, by outstanding common shares, adjusted for the company’s July 2 reverse stock split.\nThe latest results follow the company’s second-quarter financial loss, when it reported a $71.2 million decline in the value of its digital assets.\nSEC filing shows earlier share sales and cash outflows\nAlthough American Bitcoin issued no shares under its at-the-market program during the third quarter, its SEC filing shows that it sold 7.76 million Class A shares through the program during the first nine months of 2026.\nThose transactions generated $144.7 million in gross proceeds before issuance costs. The company had established the program in September 2025 to sell up to $2.1 billion in shares over time.\nThe company’s digital-asset records show no Bitcoin purchases between June 30 and September 30, consistent with management’s statement that the reserve increased through mining.\nAmerican Bitcoin reported $72.4 million in net cash used by operating activities over the first nine months of 2026, compared with $43.1 million in the corresponding period of 2025.\nIts cash-flow statement separately records $65.3 million in digital-asset purchases during the first nine months of 2026.\nAmerican Bitcoin previously expanded its reserve past 8,000 BTC in July, after implementing a 1-for-15 reverse stock split to address Nasdaq’s minimum share-price requirements.\nOther publicly traded Bitcoin miners reported their third-quarter results during the same earnings period. Hut 8 posted $189.5 million in net income, including $413.8 million in primarily unrealized digital asset gains. \nMeanwhile, Riot Platforms reported $181.4 million in quarterly revenue, including $116 million from Bitcoin mining.\n\n\n\n\n\n                Read more:\n            \n\n                Kalshi hit with Arkansas lawsuit over unlicensed sports betting","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2681023516","isCrawlerRequest":true}