bitcoin
American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
CoinTelegraphNovember 5, 2026 · 11:34 PM2 min read
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.
Originally published on CoinTelegraph
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.
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