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American Bitcoin posts $126M Q3 profit driven by $197M Bitcoin valuation gain despite weaker mining revenue.

Protocol Fundamentals
05 Nov 2026, 12:34 WIB
Crypto news
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Bullish
American Bitcoin posts $126M Q3 profit driven by $197M Bitcoin valuation gain despite weaker mining revenue.

American Bitcoin reported a $126 million net profit in Q3 2026, reversing a $57.2 million loss in Q2. The profit was mainly driven by a $197.3 million gain in the value of its Bitcoin holdings as Bitcoin's price rose significantly. However, mining revenue declined to $63.4 million due to lower Bitcoin production and higher electricity costs, which reduced gross margin to 41%. The company increased its Bitcoin reserve to 8,427 BTC without buying new coins, relying on mining output, while adjusted EBITDA improved to $220.8 million despite a $64.3 million loss on derivatives.

Eric Trump's American Bitcoin is the subject, with Pluang market data providing context. For readers following cryptocurrencies, here is Pluang's market snapshot as of Nov 05, 2026 17:21 WIB: out of 50 major cryptocurrencies, 40 rose and 9 fell today. Ethereum (ETH) rose 3.98% to Rp43,890,009 with a typical hold time of 108 days, Solana (SOL) increased 3.97% to Rp1,759,940 with a 72-day hold time, and Cardano (ADA) gained 3.92% to Rp3,608 with a 128-day hold time. Notably, ETH shows a 69% sell order activity contrasting ADA's 65% buy activity.

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