Trump Family-Linked American Bitcoin Doubles Revenue in Q3 Amid Aggressive Mining Expansion
American Bitcoin (ABTC) more than quadrupled Q3 revenue and expanded mining capacity and BTC holdings, despite a crypto market pullback.
This post Trump Family-Linked American Bitcoin Doubles Revenue in Q3 Amid Aggressive Mining Expansion first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine
Trump Family-Linked American Bitcoin Doubles Revenue in Q3 Amid Aggressive Mining Expansion
American Bitcoin (NASDAQ: ABTC), the cryptocurrency mining firm backed by Eric Trump and Donald Trump Jr., reported a strong third quarter.
American Bitcoin posted revenue of $64.2 million, a 453% year-over-year increase, while net income soared to $3.47 million, reversing a $576,000 loss in the same period last year.
The Miami-based miner, which became a standalone public entity after spinning out from Hut 8 and merging with Gryphon Digital Mining, has aggressively scaled its operations.
During Q3, American Bitcoin expanded its mining capacity roughly 2.5 times to 25 exahash per second (EH/s), with its fleet achieving an efficiency of 16.3 joules per terahash (J/TH).
The company’s scalable, “asset-light” mining approach allowed it to generate bitcoin below market prices, while disciplined at-market purchases contributed to wider profit margins.
On the treasury front, American Bitcoin accumulated over 3,000 BTC during the quarter, ending Q3 with 3,418 BTC. As of this month, the company’s holdings grew to 4,004 BTC, equivalent to 432 satoshis per share.
Eric Trump emphasized that the firm’s strategy focuses on both production and accumulation, reinforcing long-term value creation as market conditions fluctuate.
Eric Trump shared some of the results on X with the short message “Just getting started! @ABTC”.
Despite strong fundamentals, ABTC shares fell more than 13% in pre-market trading Friday, reflecting a broader crypto market pullback as bitcoin dipped below $95,000.
Nevertheless, the company’s high-profile backing and strategic expansion have drawn investor attention, positioning American Bitcoin as a noteworthy player in the digital asset ecosystem.
With a combination of growing mining output, efficient operations, and a rapidly expanding bitcoin treasury, American Bitcoin is staking a claim as one of the more institutionally oriented, growth-focused bitcoin miners in the market, even amid ongoing price turbulence.
Back in September, American Bitcoin Corp., completed a stock-for-stock merger with Gryphon Digital Mining, creating a Nasdaq-listed Bitcoin accumulation platform. The company, majority-owned by Hut 8, combined mining operations with strategic Bitcoin purchases to gain a structural cost advantage.
At the time, Eric Trump highlighted ABTC as a public vehicle giving investors direct exposure to Bitcoin while advancing U.S. leadership in the global crypto economy. The Trump family emphasized alignment with American values and leveraging public markets to scale operations efficiently.
This post Trump Family-Linked American Bitcoin Doubles Revenue in Q3 Amid Aggressive Mining Expansion first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
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