American Bitcoin Corp., a Bitcoin mining company co-founded by Eric Trump, reported net income of $126 million in the third quarter of 2026. After posting a $57.2 million loss in the second quarter, the company’s turnaround was primarily driven by Bitcoin’s approximately 39% increase in value during the quarter. That appreciation offset declines in mining revenue and gross margins. With Bitcoin trading above $68,000 on November 6, market participants are watching whether it can maintain or exceed this level.
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