# Trump-Backed American Bitcoin Turns a Profit as Bitcoin Rise Lifts Books

- URL: https://talkfuse.com/story/trump-backed-american-bitcoin-turns-a-profit-as-bitcoin-rise-lifts-books/
- Published: 2026-11-05T18:25:31+00:00
- Updated: 2026-11-05T18:37:22+00:00
- Original publisher: Decrypt
- Original article: https://decrypt.co/382633/trump-american-bitcoin-q3-profit-bitcoin-lifts-books
- Topics: Americas, Business, Crypto, World

## Key points

- American Bitcoin made $126 million in the third quarter.
- A $197 million Bitcoin valuation gain drove much of the profit.
- Mining costs rose as output and margins fell.

## Summary

American Bitcoin, a Trump-family-backed Bitcoin mining company, reported a third-quarter profit of about $126 million, reversing a $57.2 million loss in the previous quarter. The result matters because it marks the company’s strongest showing yet, although much of the profit came from Bitcoin’s rising value rather than its mining operations.

The Nasdaq-listed firm held about 8,427 Bitcoin at the end of September, roughly 5% more than at the end of June, adding to its reserve through mining rather than purchases or new share issuance. It mined 891 Bitcoin, down from 932, while mining costs rose to about $42,100 per coin and gross margin fell from 49% to 41%. Its results remain exposed to Bitcoin’s price: the company recorded a $197 million gain on digital assets, and a downturn could reverse that boost.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.