Trump-linked American Bitcoin swings to $126 million profit but misses revenue estimates
Source: CoinDesk ·
From the source
Revenue fell to $63.4 million in the third quarter and missed analysts’ forecasts as bitcoin production declined and higher summer electricity prices pushed mining costs up. American Bitcoin Corp. ABTC , the bitcoin BTC $80,310.00 mining company co-founded by Eric Trump, reported a $126 million profit in the third quarter of this year, reversing its $57.2 million loss in Q2 2026. The Miami-based company’s revenue fell to $63.4 million from $67 million in the second quarter, according to earnings release after the market close on Wednesday. Its profit included a $197.3 million accounting gain on digital assets, compared with a $71.2 million loss in the previous quarter. Earnings per share came in at $1.73, beating analysts' average estimate of 26 cents . Revenue, however, missed the average forecast of about $74 million. ABTC shares traded about 1.75% higher at $6.35 in pre-market on Thursday, having closed 5.6% lower at $6.24 on Wednesday. American Bitcoin, majority-owned by Hut 8…