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American Bitcoin upgraded to Buy on rising Bitcoin reserves and improved mining margins.

Company Fundamentals
30 Oct 2026, 21:01 WIB
Seeking Alpha
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Bullish
American Bitcoin upgraded to Buy on rising Bitcoin reserves and improved mining margins.

American Bitcoin Corp. was upgraded to a Buy rating ahead of its Q3 earnings due to increased Bitcoin reserves and better per-share Bitcoin exposure. The company's mining costs remain competitive, supporting strong gross margins despite high depreciation from rapid expansion. Expectations of rising Bitcoin prices and lower network difficulty in Q3 could further improve mining margins and reduce cost shortfalls. Key risks include high depreciation and potential electricity cost increases that may pressure profitability if not managed.

American Bitcoin Q3 earnings preview provides context for market activity on Pluang. For readers following US stocks, here is Pluang's market snapshot as of Oct 30, 2026 22:11 WIB: out of 150 priced US stocks, 47 rose and 103 fell today. Notable movers include HOOD (Robinhood Markets, Inc.) at USD 84.13 with a 1-day change of -8.14% and Pluang order activity showing 54% Sell / 46% Buy, KGC (Kinross Gold Corporation) at USD 19.91 down 7.82% with 52% Sell / 48% Buy, and PINS (Pinterest Inc) at USD 18.39 down 7.63% with a typical hold time of 86 days.

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