American Bitcoin third-quarter net income reaches $126 million.

on November 5, citing an announcement from American Bitcoin that the company posted a net profit of approximately $126 million for the third quarter of 2026, compared to a net loss of roughly $57.2 million in the second quarter. Third-quarter mining revenue totaled around $63.4 million, below the $67 million in the previous quarter.

The company mined approximately 891 bitcoins in Q3, down from 932 in the prior quarter; the production cost per bitcoin increased from about $36,500 to $42,100, which the company attributed primarily to seasonal rises in electricity expenses. Adjusted EBITDA was approximately $221 million, versus a $45 million loss last quarter.

As of September 30, the company held approximately 8,427 bitcoins, up by roughly 425 from the end of June, of which about 3,090 were pledged to Bitmain pursuant to mining equipment purchase agreements.