American Bitcoin’s $126 Million Quarterly Profit Comes From Its Bitcoin Treasury Gain
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American Bitcoin reported a $126 million quarterly profit, but the result hinged on a $197.3 million accounting gain on its bitcoin holdings; excluding that mark-to-market benefit, the Eric Trump co-founded miner would have posted a roughly $70 million pre-tax loss. The company’s output, revenue and margins all declined from the second quarter, underscoring pressure on its core mining business even as its treasury buoyed the bottom line. The disclosure highlights how bitcoin-heavy balance sheets can swing miner earnings as digital-asset prices move. Investors will watch whether American Bitcoin can stabilize operating metrics and reduce reliance on treasury gains in coming quarters.
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American Bitcoin, Bitcoin (BTC), Eric Trump
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