Cointelegraph·Cointelegraph by Jona Jaupi·2h ago

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.

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💬 Discussion: 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.

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