American Bitcoin Reports $126 Million Net Profit in Q3

American Bitcoin (ABTC) announced its Q3 2026 financial report, revealing a net profit of $126 million, a turnaround from a loss of $57.2 million in Q2. The profit primarily stemmed from approximately $197 million in digital asset gains. Q3 revenue was $63.4 million, down from $67 million in Q2. As of September 30, the company held about 8,427 BTC, an increase of approximately 425 coins since the end of June, with around 3,090 coins staked with Bitmain. In Q3, about 891 BTC were mined, with the cost of mining each coin rising to approximately $42,100. ABTC's stock price fell 5.60% on Wednesday, closing at $6.24.

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