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Crypto · November 4, 2026

Eric Trump’s American Bitcoin swings to $126 million profit in Q3 on digital asset gains

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While the company achieved a net profit, mining revenue saw a slight decline from the previous quarter as seasonal power costs impacted margins.

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Hype check

How the hype check works

Confirmed · 1

Backed by filings, on-chain data, official statements or several independent publishers.

  • The company held approximately 8,427 BTC at the end of September (American Bitcoin Corp.)

Claimed · 1

Said by a company, project or person; not yet independently confirmed.

  • The quarter delivered target figures while growing bitcoin reserves and bitcoin per share (Eric Trump)

Speculation · 0

Price talk, forecasts or unnamed sources, quoted as someone else's view.

  • None identified.

Reported by multiple outlets

  • The company swung to a profit after three consecutive quarterly losses.
  • American Bitcoin Corp. has backing from the Trump family.
  • The financial results were released on Wednesday, November 4, 2026.

Reported by only some outlets

  • American Bitcoin Corp. mined approximately 891 bitcoin in the quarter, as reported by Bitcoin Magazine.
  • The company ended September with a total of about 8,427 BTC, reported by Bitcoin Magazine.
  • Eric Trump serves as the co-founder and chief strategy officer of the company, according to Bitcoin Magazine.
  • American Bitcoin Corp. is a majority-owned subsidiary of Hut 8 Corp., as stated by Bitcoin Magazine.

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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.