⛏ American Bitcoin's Real Q3 Story Isn't the $126M Profit The headline profit came from a $197.3M gain on Bitcoin's price, but the mining business itself had a weaker quarter, and that's what I'd watch 👇 🔴 The cost to produce one BTC rose about 15%, from ~$36,500 to ~$42,100. 🔴 Production fell 4.4%, to about 891 BTC from 932. 🔴 Mining revenue dropped to $63.4M, and gross margin slid from 49% to 41%. There's still a solid cushion, because with $BTC near $76,000 today (Nov 6), each mined coin brings in roughly $34K more than it costs to produce. But the trend matters more than one quarter. If costs keep rising while the price drifts lower, that cushion shrinks quickly, and that's exactly the squeeze miners fear most 📉 #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#