American bitcoin posts net income as holdings gain value
Image: Bitcoin MagazineAmerican Bitcoin Corp. reported about $126 million in third-quarter net income. The positive swing came from a $197.3 million gain on its bitcoin holdings. Mining revenue was about $63.4 million, down from the prior period. The company mined about 891 bitcoin during the quarter and ended September with roughly 8,427 BTC.
Key points
- American Bitcoin Corp. reported about $126 million in third-quarter net income.
- The firm recorded a $197.3 million gain on its bitcoin holdings during the quarter.
Why it matters
Corporate treasury values and mining margins fluctuate with digital asset prices and seasonal power costs.
Price context · BTC
At publication
$80,665.00
Now
$80,395.00
Change since
−0.33%
7 days · dashed line = publication
Sources · 2 publishers
BeInCrypto
Tier 2
American Bitcoin’s $126 Million Profit Rode Bitcoin’s Rally. Q4 Is Testing It
Coverage timeline
- First reported by Bitcoin Magazine
- Also reported by BeInCrypto
- CryptoVideos brief published
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