Published Nov 5, 2026, 5:43 PM ET · Updated 8 days ago · 1 source

American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI

Cointelegraph
Cointelegraph
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Original Report
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American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI

The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.