"The Miami-based miner, which became a standalone public entity after spinning out from Hut 8 and merging with Gryphon Digital Mining, has aggressively scaled its operations. During Q3, American Bitcoin expanded its mining capacity roughly 2.5 times to 25 exahash per second (EH/s), with its fleet achieving an efficiency of 16.3 joules per terahash (J/TH). The company's scalable, "asset-light" mining approach allowed it to generate bitcoin below market prices, while disciplined at-market purchases contributed to wider profit margins."
"On the treasury front, American Bitcoin accumulated over 3,000 BTC during the quarter, ending Q3 with 3,418 BTC. As of this month, the company's holdings grew to 4,004 BTC, equivalent to 432 satoshis per share. Eric Trump emphasized that the firm's strategy focuses on both production and accumulation, reinforcing long-term value creation as market conditions fluctuate. Eric Trump shared some of the results on X with the short message "Just getting started! @ABTC"."
"American Bitcoin (NASDAQ: ABTC), the cryptocurrency mining firm backed by Eric Trump and Donald Trump Jr., reported a strong third quarter. American Bitcoin posted revenue of $64.2 million, a 453% year-over-year increase, while net income soared to $3.47 million, reversing a $576,000 loss in the same period last year. Despite strong fundamentals, ABTC shares fell more than 13% in pre-market trading Friday, reflecting a broader crypto market pullback as bitcoin dipped below $95,000."
American Bitcoin delivered strong Q3 results with $64.2 million revenue (453% year-over-year) and net income of $3.47 million, reversing a prior loss. Mining capacity expanded roughly 2.5x to 25 EH/s and fleet efficiency reached 16.3 J/TH. The company used an asset-light, scalable model and disciplined at-market purchases to produce bitcoin below market prices and widen margins. Treasury holdings rose from 3,418 BTC at quarter-end to 4,004 BTC this month, equal to 432 satoshis per share. Shares fell over 13% pre-market amid a crypto pullback as bitcoin dipped below $95,000 despite heightened investor attention.
Read at Bitcoin Magazine
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