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American Bitcoin adds 127 BTC but mining costs rise, profits driven by Bitcoin price gains.

Protocol Fundamentals
05 Nov 2026, 13:13 WIB
Crypto Briefing
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Neutral
American Bitcoin adds 127 BTC but mining costs rise, profits driven by Bitcoin price gains.

American Bitcoin Corp. increased its Bitcoin holdings by 127 BTC in Q3 2026, reaching a total of 8,427 BTC. Despite mining 891 BTC, less than half were added to the treasury, as mining costs rose to about $42,100 per coin, up from $36,500. The company reported a net income of $126 million, mainly due to a $197.3 million non-cash gain from Bitcoin's price increase, while mining revenue fell 5% and gross margin dropped to 41%. The profit is heavily influenced by Bitcoin price fluctuations, posing risks if prices decline.

American Bitcoin Corp.'s Q3 2026 profit reached $126 million, driven by Bitcoin gains. For readers following major 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. Notable price changes include Ethereum at Rp43.890.009 (+3.98%), Solana at Rp1.759.940 (+3.97%), and Cardano at Rp3.608 (+3.92%).

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