# American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI

- Source: Cointelegraph.com News
- Published: 2026-11-05T22:43:18+00:00
- Category: Markets
- Original: https://cointelegraph.com/news/american-bitcoins-126m-profit-masks-mining-pressure-ai?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- Canonical: https://groundlevelnews.com/story/american-bitcoin-s-126m-profit-masks-mining-pressure-as-rivals-turn-to-2b6dcf/

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.

_Ground Level News shows a short summary only; the full article and all rights belong to Cointelegraph.com News._