American Bitcoin's third quarter net profit is approximately $126 million.

According to PR Newswire, American Bitcoin Corp. (ABTC), a Nasdaq-listed Bitcoin mining company, released its Q3 2026 financial results. The company posted a net profit of approximately $126 million for the quarter, compared to a net loss of $57.2 million in the prior quarter; adjusted EBITDA came in at around $221 million, versus an adjusted EBITDA loss of $45 million in Q2. For mining operations, Q3 mining revenue was roughly $63.4 million, a slight decrease from $67 million in Q2, with total Bitcoin mined at about 891, down from 932 in Q2. Gross profit stood at $25.8 million, with a gross margin of 41%—lower than the 49% recorded in Q2—driven primarily by seasonal increases in electricity costs. The per-Bitcoin mining cost for the quarter was approximately $42,100, compared to $36,500 in Q2. As of September 30, the company owned roughly 89,242 mining rigs, with a hashrate of 28.1 EH/s. On the strategic reserves front, the firm’s Bitcoin holdings rose from about 8,002 as of June 30 to around 8,427, adding roughly 425 coins for a 5% quarter-over-quarter increase. The Satoshis Per Share metric grew from ~10,989 to ~11,572, also a 5% rise. American Bitcoin noted it did not issue new shares via an ATM (at-the-market) program during the quarter, nor did it purchase Bitcoin on the open market. Its holdings include approximately 3,090 Bitcoin pledged under Bitmain mining rig purchase agreements. American Bitcoin is a subsidiary of Hut 8 Corp., with Eric Trump serving as its co-founder and chief strategy officer.