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

CoinTelegraph · Thu, 05 Nov 2026 22:43:18 GMT

Hype 22/100 · Market impact 10/100 · Breaking 57/100

Tags: BTC

An Eric Trump-backed Bitcoin mining company posted $126 million in quarterly net income, mostly from gains on its Bitcoin holdings, even as mining costs increased and margins narrowed.

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