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.
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.
Related market data
- BTC: price 75,807, 24h -6.31%, funding 0.0013%/h, OI $3.14B
- TRUMP: price 1.18, 24h -6.98%, funding 0.0013%/h, OI $11.00M
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