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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.

Cointelegraph by Jona JaupiCointelegraph · November 5, 2026 · 1h ago

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Cointelegraph by Jona Jaupi, Cointelegraph

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