Bitcoin

Key Facts:
<ul>
 <li>American Bitcoin Corp (Nasdaq: ABTC) reported Q3 2026 net income of about $126 million, reversing a $57.2 million net loss in Q2.</li>
 <li>The swing was driven mainly by a $197.3 million gain on digital assets, compared with a $71.2 million loss in the prior quarter.</li>
 <li>Bitcoin holdings rose to about 8,427 BTC at quarter-end, up from 8,002 BTC, without new purchases or share issuance during the quarter.</li>
</ul>
American Bitcoin Corp reported Q3 2026 net income of about $126 million, a swing from a $57.2 million net loss in Q2. The company, majority-owned by Hut 8 Corp and co-founded by Eric Trump, mines and holds<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bitcoin/"> Bitcoin (BTC</a>) as its primary business.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1fdbeef583204a608aed6ea00252f143.png">
<h2 id="header-0">Digital Asset Gains Drive the Swing to Profit</h2>
The turnaround was driven mainly by a $197.3 million gain on digital assets for the quarter, compared with a $71.2 million loss in the second quarter, per the company’s SEC <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/1755953/000119312526447413/abtc-20260930.htm">filing</a>. Adjusted EBITDA was about $221 million, versus a loss of about $45 million in the prior quarter. Quarterly revenue was about $63.4 million, down from $67.0 million in Q2, and gross margin fell to about 41% from 49%, which the company attributed mainly to higher seasonal power costs.
The company<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/mining"> mined</a> about 891 BTC during the quarter, down from about 932 in Q2. Revenue per Bitcoin mined was about $71,100, roughly flat from $71,900 in the prior quarter, while the cost to mine rose to about $42,100 per BTC from $36,500.
<h2 id="header-1">Bitcoin Holdings Grow Without New Purchases</h2>
Bitcoin holdings rose to about 8,427 BTC at quarter-end from 8,002 BTC at the end of Q2, an increase of about 425 BTC, or roughly 5%. About 3,090 BTC of that total is pledged for miner purchases under agreements with Bitmain. The company said it did not buy additional Bitcoin on the open market or issue new shares through its at-the-market program during the quarter, with the increase coming from mined production. Satoshis per share rose about 5%, to roughly 11,572 from 10,989.
The company’s owned mining fleet stood at about 89,242 miners with roughly 28.1 exahashes per second of capacity at quarter-end. A 1-for-15 reverse stock split took effect July 2.
Mike Ho, chief executive of American Bitcoin, said the company’s focus remains on efficiently accumulating Bitcoin, and that discipline positions the company to create value for shareholders across market cycles. Eric Trump, the company’s co-founder and chief strategy officer, said the company is building for the long term and that its opportunity extends beyond any single quarter.
Read More: <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/bitcoin-retakes-80k-stocks-rally-democrats-election-sweep">Bitcoin Retakes $80K as Stocks Rally on Democrats’ Election Sweep</a>
<h2 id="header-2"></h2>

American Bitcoin Reports $126M Net Income as Holdings Hit 8,427 BTC

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