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Trump-linked American Bitcoin swings to $126 million profit but misses revenue estimates
Nov 5, 11:45 AM·
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Summarized by i88

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Summary

American Bitcoin swung to a $126 million profit in Q3 2026, but revenue fell to $63.4 million and missed analyst estimates. The shortfall stemmed from lower bitcoin (BTCUSD) production and higher summer electricity prices that raised mining costs.

American Bitcoin swung to a $126 million profit in the third quarter of 2026, according to a CoinDesk report published Nov. 5, 2026.

Revenue Misses Estimates

Revenue fell to $63.4 million in the quarter and missed analysts’ forecasts.

What Drove the Shortfall

The company attributed the revenue shortfall to two factors:

  • Lower bitcoin production during the quarter
  • Higher summer electricity prices, which pushed mining costs up

Bitcoin is tracked under the symbol BTCUSD.

The report describes American Bitcoin as Trump-linked.