Sentiment: Positive
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American Bitcoin Reports $197M Crypto Gain as Mining Costs Rise
By Maxwell Mutuma at 2026-11-05 06:24
Sentiment: Positive
TLDR 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. Bitcoin mining revenue declined 5.4% to $63.4 million, while production dropped to approximately 891 BTC. The average cost of mining one Bitcoin increased [...] The post American Bitcoin Reports $197M Crypto Gain as Mining Costs Rise appeared first on CoinCentral. Continue reading...
Categories: Bitcoin
Tags: #Bitcoin #News #American Bitcoin #Eric Trump
Source Coin Central