American Bitcoin’s $126 Million Quarterly Profit Comes From Its Bitcoin Treasury Gain

Without a $197.3 million accounting gain on the bitcoin it holds, the Eric Trump co-founded miner would have lost about $70 million before taxes, as output, revenue and margins slipped from the second quarter. American Bitcoin Corp. (Nasdaq: ABTC), the bitcoin miner co-founded by Eric Trump, reported net income of about $126 million for the third quarter of 2026 on Nov. 4, after a net loss of about $57.2 million in the second quarter. The statement of operations, also filed with the SEC , shows the turnaround came from the value of the bitcoin the company holds.