# Eric Trump’s American Bitcoin Banks $126M Profit—But ABTC Shares Dive

- Source: Bitcoin News
- Published: 2026-11-05T18:22:35+00:00
- Category: Markets
- Original: https://news.bitcoin.com/mining/eric-trumps-american-bitcoin-banks-126m-abtc-shares-dive/
- Canonical: https://groundlevelnews.com/story/eric-trump-s-american-bitcoin-banks-126m-profit-but-abtc-shares-dive-3f6b7c/

American Bitcoin Corp., the bitcoin mining company co-founded by Eric Trump, reported approximately $126 million in third-quarter net income and $221 million in adjusted EBITDA, reversing losses from the preceding quarter. The Nasdaq-listed company expanded its holdings to 8,427 BTC, ranking 13th among publicly traded corporate bitcoin holders. However, mining costs climbed 15.3%, production decli

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