American Bitcoin recorded $126 million in third-quarter net income, reversing its $57.2 million second-quarter loss. The company’s $197.3 million digital asset gain helped offset lower mining revenue and higher operating costs.
The Bitcoin miner co-founded by Eric Trump, American Bitcoin (NASDAQ: ABTC), reported $126 million in net income during Q3 2026, a reversal in fortunes for a firm that lost $52 million in the previous quarter.
Eric Trump-backed American Bitcoin posted $126 million in Q3 profit on $197.3 million in Bitcoin gains, even as mining revenue and margins declined.
Riot has sold most of its bitcoin to fund its move into data centers. Its latest agreement gives Anthropic a way to finance part of the build and collect interest through rent deductions.
Zcash’s NU7 upgrade will cut the target time between blocks from 75 seconds to 25, giving deposits a chance to confirm sooner while leaving exchanges to decide when to credit them. The upgrade also changes what miners earn from transactions,…
MARA Holdings moved 1,650 BTC, worth about $132.8 million, to Galaxy Digital, Copper and other platforms around November 5. MARA stock fell 4.05% while Bitcoin edged down 0.10%. The transfer follows 996.105 BTC sent to a Galaxy-linked wallet on October 8-9.
American Bitcoin's profit surge highlights the volatility of relying on asset value fluctuations, underscoring operational challenges and strategic risks.
American Bitcoin (ABTC) earned $126 million in the third quarter (Q3), powered by a $197.3 million Bitcoin (BTC) gain. Without it, the miner’s operations posted a small loss.
Four days after offering to taper its income and move about 36,200 ZEC from its treasury into a reserve for future miners, the committee said Zcash's usual governance process should settle what comes next.
Bitcoin mining companies Riot Platforms and Hut 8 disclosed substantial bitcoin sales in their respective third-quarter earnings reports on Wednesday, with Riot liquidating more than 10,000 BTC during the quarter to finance its data center expansion and Hut 8 selling cryptocurrency to fund share repurchases.…
Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
Riot sold 79% of its Bitcoin to build Texas AI data centers. Now a new governor wants data center permits halted.
Bitcoin miner Riot confirms liquidation of 10,599 BTC, 79% of its crypto holdings, to finance a historic 15-year, $28 billion AI infrastructure deal.
Bitcoin miners pivoting to AI face new uncertainty over power access and construction permits, while companies with approved projects could benefit from tighter supply.
Zcash Community Grants withdrew a proposal to redirect 98,000 ZEC toward mining rewards after community criticism, returning the issue to Zcash’s governance process.
Hut 8 Mining has extended its lease for Beacon Point Phase Two, adding two years of revenue.
The miner has sold 20,264 BTC this year to help fund data centers, while mining still supplied about 64% of third-quarter revenue.
Bitcoin miner Riot Platforms sold 10,599 BTC in the third quarter as it redirected funds toward data center development. The company also secured a 15-year AI infrastructure lease valued at approximately $28 billion.
Bitcoin miners face challenges as revenue declines to the lowest level since September, raising concerns about market dynamics.
Cipher Digital's shift from Bitcoin mining to HPC leasing highlights a strategic pivot towards sustainable revenue, impacting the tech infrastructure landscape.
Zcash Community Grants has withdrawn its plan to redirect 98,000 ZEC after backlash, leaving competing proposals over its $129M funding allocation.
Bitcoin mining in orbit sounds futuristic, but the economics do not work today.
The committee withdrew its proposal after community backlash, leaving competing plans to cut off its funding or preserve the existing grants system.
Bitcoin's hashrate is nearing an all-time high, indicating increased mining activity as the 2028 halving approaches.
Eligible institutions must pair BTC with STX worth 5% of their Bitcoin position for roughly six-month bonds funded by Stacks miners.
Adam Back has criticized BIP-110 supporters after the Bitcoin fork failed to gain miner backing, with just eight observed nodes enforcing its rules.
Ethereum staking lets holders lock up ether (ETH) to help run the network. In return, they can earn new ETH as a reward. The process replaced the energy-heavy mining system that Ethereum once used.
The company's revenue dropped 63% in the third quarter, while a $127 million accounting gain helped turn an operating loss into a reported profit.
The surge in ORE mining activity suggests a broadening user base, potentially enhancing the protocol's sustainability and market appeal.
The merger highlights potential market volatility and investor dilution risks, while emphasizing concentrated control in the Bitcoin mining sector.
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