2026-11-05

American Bitcoin’s style="font-family:var(--ff-display);font-size:clamp(1.4rem,3vw,1.9rem);font-weight:800;letter-spacing:-.04em;line-height:1.2;margin-bottom:14px;color:var(--tx)"26M profit masks mining pressure as rivals turn to AI

The Eric Trump-backed miner reported style="font-size:1rem;color:var(--t1);line-height:1.75;margin-bottom:20px;font-weight:300;padding:14px 18px;border-left:2px solid var(--blue);background:rgba(33,136,255,.06);border-radius:0 8px 8px 0"26 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.