Headline: Trump-linked American Bitcoin posts $126M Q3 profit on big digital-asset revaluation — revenue falls short of estimates American Bitcoin Corp. (ABTC), the Bitcoin-mining company co-founded by Eric Trump, swung to a $126 million profit in the third quarter — reversing a $57.2 million loss in Q2 2026 — driven largely by a large accounting gain on its crypto holdings. Key results: - Q3 net income: $126 million, compared with a $57.2 million loss in the prior quarter. - Revenue: $63.4 million, down from $67.0 million in Q2 and below the roughly $74 million analysts had expected. - Earnings per share: $1.73, handily above the analyst consensus of $0.26. - Non-operational swing: the quarter included a $197.3 million accounting gain on digital assets, a sharp turnaround from a $71.2 million loss on digital assets in Q2. Market reaction and balance-sheet details: - ABTC shares closed Wednesday at $6.24 (down 5.6%) and were trading about 1.75% higher in pre-market Thursday at $6.35. - The Miami-based miner — majority-owned by Hut 8 (HUT) — held 8,427 BTC at the end of September, up from 8,002 BTC three months earlier. - The company said it did not purchase any bitcoin during the quarter and did not issue shares under its at-the-market offering program. Why it matters: The headline profit was driven primarily by a revaluation gain on digital assets rather than top-line growth, as revenue actually declined and missed estimates. That highlights how swings in crypto prices and accounting treatments can produce volatile earnings for miners, even when underlying operational revenue softens. Investors will likely be watching future revenue trends and any changes to ABTC’s bitcoin accumulation strategy. Read more AI-generated news on: https://app.chaingpt.org/news