American Bitcoin Q3 Net Profit Reaches USD 126 Million

TechFlow reported on November 5 that, according to an announcement by American Bitcoin, the company's net profit in the third quarter of 2026 was approximately USD 126 million, while its net loss in the second quarter was approximately USD 57.2 million. Mining revenue in the third quarter was approximately USD 63.4 million, down from USD 67 million in the previous quarter.

The company mined approximately 891 BTC in the third quarter, down from 932 BTC in the previous quarter; the mining cost per BTC rose from approximately USD 36,500 to approximately USD 42,100, which the company attributed primarily to higher seasonal electricity costs. Adjusted EBITDA was approximately USD 221 million, compared with a USD 45 million loss in the previous quarter.

As of September 30, the company held approximately 8427 BTC, an increase of approximately 425 BTC from the end of June, of which approximately 3090 BTC had been pledged to Bitmain pursuant to a mining machine procurement agreement.

Source: TechFlow