Key Takeaways:
- ABTC posted $3.5M net income in Q3, up from $3.4M last year.
- Bitcoin reserves reached 3,418 BTC, supporting long-term accumulation strategy.
- Mining capacity expanded 2.5x to 25.0 EH/s, reducing operational costs.
- Stock surged 5% amid broader Bitcoin price decline.
- Strategic, cost-efficient mining allows profitability even during market dips.
Trump Sons’ American Bitcoin Posts Q3 Profit Amid Bitcoin Market Drop
American Bitcoin (ABTC), co-founded by Eric Trump and Donald Trump Jr., marked a notable milestone in Q3 by reporting profitability and expanding its BTC mining operations. The company’s latest financials indicate strong growth despite broader market volatility.
Revenue and Net Income Rise
In the third quarter, American Bitcoin recorded $64.2 million in revenue, surpassing prior earnings and slightly exceeding last year’s Q3 net income of $3.4 million with a net income of $3.5 million. The performance demonstrates steady revenue growth driven by a combination of strategic Bitcoin acquisitions and increased mining efficiency.
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The company acquired over 3,000 BTC during the quarter through both mining and targeted purchases, joining other major BTC holders like Strategy (formerly MicroStrategy) in stockpiling the digital asset. As of September 30, ABTC held 3,418 BTC in its reserves, positioning the firm among the top public Bitcoin treasuries.
Mining Capacity Expansion Powers Profitability
American Bitcoin significantly ramped up its mining operations in Q3, increasing capacity by approximately 2.5 times, adding 14.8 exahash per second (EH/s) to reach a total of 25.0 EH/s by the end of September. CEO Mike Ho highlighted the efficiency of ABTC’s mining operations, emphasizing that the company mines Bitcoin at substantially lower costs than conventional spot purchases, enhancing gross margins.
Ho stated, “Our third-quarter performance reflects the speed, discipline, and precision with which we are executing against our differentiated BTC accumulation model. We more than doubled our mining capacity, more than doubled revenue, and grew gross margin by seven percentage points quarter-over-quarter.”
Stock Reaction and Market Context
Following the Q3 announcement, ABTC stock surged 5% toward the $5 mark. Meanwhile, Bitcoin itself has experienced a decline, falling to $95,328 — a 24% drop from its all-time high. Despite this broader market volatility, American Bitcoin’s asset-light and scalable approach continues to deliver results, highlighting the benefits of operational efficiency in volatile crypto markets.
Also Read: XRP’s True Value Questioned Amid Record-Breaking ETF Launch
American Bitcoin’s Q3 results underscore how strategic BTC accumulation and efficient mining can drive growth, even in a declining crypto market. For investors, ABTC presents a case study in disciplined, scalable crypto operations.
