American Bitcoin Swings to $126 Million Q3 Profit on Digital Asset Gains
American Bitcoin reported net income of $126 million for the three months ended Sept. 30, after a $197.3 million gain on digital assets offset weaker mining revenue and higher production costs.
American Bitcoin swung to profit in the third quarter after recording a $197.3 million gain on digital assets, offsetting weaker mining revenue and higher production costs.The bitcoin miner, co-founded by Eric Trump, reported net income of $126 million for the three months ended Sept. 30, compared…