American Bitcoin Turns Profitable with $126 Million Net Income in Q3

Odaily: American Bitcoin has released its Q3 2026 financial report, posting a net profit of $126 million, swinging back to profitability from a loss of $57.2 million in Q2; the profit was mainly driven by approximately $197 million in digital asset gains. The company's Q3 revenue was $63.4 million, down from $67 million in Q2. As of September 30, American Bitcoin held approximately 8,427 BTC, an increase of about 425 BTC from the end of June, of which approximately 3,090 BTC were pledged to Bitmain; it mined approximately 891 BTC in Q3, with the per-coin mining cost rising to approximately $42,100. American Bitcoin's stock closed down 5.60% on Wednesday at $6.24.