Eric Trump’s American Bitcoin Banks $126M Profit—But ABTC Shares Dive
American Bitcoin Corp., the bitcoin mining company co-founded by Eric Trump, reported approximately $126 million in third-quarter net income and $221 million in adjusted EBITDA, reversing losses from the preceding quarter. The Nasdaq-listed company expanded its holdings to 8,427 BTC, ranking 13th among publicly traded corporate bitcoin holders. However, mining costs climbed 15.3%, production declined […]
Key Takeaways
- American Bitcoin Corp., the bitcoin mining company co-founded by Eric Trump, reported approximately $126 million in third-quarter net income and $221 million in adjusted EBITDA, reversing losses from the preceding quarter.
- The Nasdaq-listed company expanded its holdings to 8,427 BTC, ranking 13th among publicly traded corporate bitcoin holders.
- However, mining costs climbed 15.3%, production declined […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Elon Musk Claims SoftBank Is Defaulting on Its Turbine Orders
Elon Musk says OpenAI backer SoftBank is defaulting on turbine orders as the cost of insuring against a SoftBank default hits a 4-year high. The post Elon Musk Claims SoftBank Is Defaulting on Its Turbine Orders appeared first on BeInCrypto.
Thailand moves to block Bitget as crypto exchange's local acquisition faces uncertainty
Thailand’s SEC filed a criminal complaint against Bitget’s operator, alleging it ran an unlicensed crypto exchange for Thai users from 2022 to 2025.
Bank of England raises rates to 4% as it forecasts inflation near 5% next year
Energy inflation has prompted UK tightening, while any pressure on Bitcoin depends on financing conditions and investor demand. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox