Cointelegraph reports that American Bitcoin, backed by Eric Trump, posted a $126 million net income for the quarter. This profit mainly stems from gains on its Bitcoin holdings. However, the company faces rising mining costs and shrinking margins, indicating pressure in the mining sector as competitors increasingly turn to AI technologies.
Based on the Cointelegraph report; not independently verified.
Source published: Thu, 05 Nov 2026 22:43:18 +0000
[Read the original report](https://cointelegraph.com/news/american-bitcoins-126m-profit-masks-mining-pressure-ai?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
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