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Crypto News => Crypto News Channel => Topic started by: Administrator on November 06, 2026, 10:18:39 AM

Title: American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
Post by: Administrator on November 06, 2026, 10:18:39 AM

American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI

The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

Source: American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI (https://cointelegraph.com/news/american-bitcoins-126m-profit-masks-mining-pressure-ai?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)