Trump-Linked American Bitcoin Swings to $126 Million Profit as Mining Revenue Falls

American Bitcoin (Nasdaq: ABTC), the Bitcoin miner majority-owned by Hut 8, reported about $126 countless earnings for the 3rd quarter of 2026, versus a bottom line of about $57.2 million in the 2nd quarter, per its outcomesChanged EBITDA, revenues before interest, taxes, devaluation and amortization, had to do with $221 million, versus a loss of about $45.0 million in Q2.

The earnings did not originate from more powerful mining. Mining profits was up to about $63.4 million from about $67.0 million, and the business mined about 891 Bitcoin, below about 932. That output had to do with 21% of every coin it has actually mined considering that its March 31, 2025 launch.

Reports associate the swing to a gain on the business’s digital possession holdings, put near $197.3 million. That figure is not one this account might verify from the business’s own release, which leads on earnings, Adjusted EBITDA and the development of its Bitcoin reserve.

Secret Facts

Earnings of about $126 million in Q3 2026, from a bottom line of about $57.2 million in Q2 2026.Mining profits of about $63.4 million, below about $67.0 million; about 891 Bitcoin mined, from about 932.Expense to mine of about $42,100 per Bitcoin, up from about $36,500.Bitcoin holdings of about 8,427 since Sept. 30, 2026, from about 8,002 since June 30, 2026.Owned fleet of about 89,242 miners and about 28.1 EH/s of capability at quarter-end.

Mining Margins Compressed on Seasonal Power

Gross earnings had to do with $25.8 million, a gross margin of about 41%, below about $33.0 million and about 49% in Q2. The business connected the decrease to greater seasonal power expenses at its websites.

Expense to mine increased to about $42,100 per Bitcoin from about $36,500, generally for the exact same factor. Income per Bitcoin mined had to do with $71,100, almost the same from about $71,900, so the capture originated from expense, not from a lower rate per coin.

President Mike Ho stated the business “continued mining Bitcoin at a structural discount to spot” regardless of the power pressure, in the release

The Reserve Grew to 8,427 Bitcoin

Bitcoin holdings increased to about 8,427 since Sept. 30 from about 8,002 since June 30, a boost of approximately 425 coins. American Bitcoin offered part of its production to cover operating expense while it kept contributing to what it calls its tactical Bitcoin reserve.

Of the quarter-end holdings, about 3,090 Bitcoin were vowed for miner purchases under contracts with BITMAIN.

Satoshis Per Share, the business’s step of Bitcoin held per share, increased about 5%, from about 10,989 on June 30 to about 11,572 on Sept. 30. Ho stated the gain came “without issuing shares through our ATM program or purchasing Bitcoin during the quarter.”

The owned fleet had to do with 89,242 miners with about 28.1 EH/s of capability. Share counts show a 1-for-15 reverse stock split on July 2, 2026.

What to Watch

Eric Trump, co-founder and chief method officer, stated the quarter provided about $126 million in earnings and $221 million in Adjusted EBITDA while the business grew its reserve and Bitcoin per share.

The outcomes landed the very same day as Hut 8’s own third-quarter report. Hut 8, which majority-owns American Bitcoin, validated it offered Bitcoin to money share buybacks while moving mining into the American Bitcoin automobile.

2 information remain unofficial. The same-day share relocation, reported as a fall of more than 5.5% with bitcoin above $80,500, might not be inspected versus a main market information page. And the specific structure of the gain behind the revenue, reported near $197.3 million, is not broken out in what might be confirmed.

For the quarter, the operating line and the heading number point various methods: mining profits, production and gross margin fell while earnings leapt. If power expenses and mining economics remain forced, the documented revenue keeps leaning on the worth of the coins currently held instead of the expense of mining brand-new ones.