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

Source: Bitcoin News · Nov 05, 2026 18:22 UTC

The Quick Take

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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