According to its official Q3 report, American Bitcoin achieved revenue growth, profitability, and significant mining expansion, adding over 3,000 BTC to reserves and boosting operational efficiency under its asset-light strategy.
In its official Q3 financial report, American Bitcoin (ABTC), co-founded by Eric Trump and Donald Trump Jr., reported $64.2 million in revenue, up from the prior quarter, and a net income of $3.5 million, slightly exceeding last year’s Q3 earnings. The company acquired more than 3,000 BTC through mining and purchases, raising reserves to 3,418 BTC as of September 30. Mining capacity increased approximately 2.5 times quarter-over-quarter to around 25.0 EH/s. CEO Mike Ho and Eric Trump emphasized the cost efficiency and scalability of ABTC’s operations. ABTC shares rose 5% toward $5 following the results, while Bitcoin traded at $95,328, down 24% from its all-time high.