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American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI

CO
Cointelegraph
By Cointelegraph by Jona Jaupi
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American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
Photo / Coverage: CointelegraphCredit: Cointelegraph by Jona Jaupi
EXECUTIVE SUMMARY

The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

Key Takeaways

  • American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI.
  • The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.
  • The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

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