American Bitcoin Reports Q3 Profit and Surging Revenue Despite Market Volatility
American Bitcoin (ABTC), the cryptocurrency mining company partly owned by Donald Trump Jr. and Eric Trump, reported a solid third-quarter profit and a sharp rise in revenue as it continued expanding its mining operations. The results mark a significant turnaround from the company’s performance a year earlier, although its stock still slipped in pre-market trading as bitcoin prices declined.
According to the company’s latest filing with the U.S. Securities and Exchange Commission (SEC), ABTC posted net income of $3.47 million for the quarter, reversing a loss of $576,000 in the same period last year. The strong earnings reflect increased mining output, improved operational efficiency, and the company’s first full quarter as a publicly traded firm.
Revenue climbed to $64.2 million, more than five times higher than the year-earlier quarter. Company executives said the rapid growth was driven by expanded mining capacity and upgraded hardware deployments across ABTC’s facilities. The firm has invested heavily in new-generation mining rigs designed to improve hash power and reduce energy consumption, a key factor in maintaining profitability during periods of bitcoin price fluctuation.
Despite the encouraging financial results, ABTC’s shares fell more than 13 percent in pre-market trading, mirroring a sharp drop in the price of bitcoin. Analysts said the decline underscores how closely mining companies’ valuations remain tied to cryptocurrency markets, even when core operations perform well.
Market watchers also noted that ABTC’s strong revenue performance may reflect temporary advantages such as relatively stable energy prices and higher mining difficulty rates, which can benefit larger miners capable of absorbing costs. At the same time, the company’s public listing has increased transparency around its financial operations, placing it under closer scrutiny from investors.
The Trump family’s stake of about 20 percent, combined ownership by Donald Trump Jr. and Eric Tr, has drawn additional public attention to the company. While ABTC has not highlighted any direct involvement from the Trump family in management decisions, the association has helped keep the company in the spotlight during its early public-market phase.
Industry analysts say ABTC’s performance demonstrates how miners with sufficient scale can remain profitable even during periods of volatility. However, ongoing challenges such as fluctuating bitcoin prices, regulatory uncertainty, and rising electricity costs continue to shape the prospects of the mining sector.
Looking ahead, ABTC said it plans to continue expanding its mining fleet, exploring partnerships, and improving energy efficiency across its operations. Company executives expressed confidence that the firm is well positioned for long-term growth, particularly if bitcoin market conditions stabilize in the coming months.
