American Bitcoin’s $126 Million Quarter Is Not a Mining Story
Photo: Blockchain Reporter
American Bitcoin Corp. reported about $126 million of net income for the third quarter of 2026 on roughly $63.4 million of mining revenue, a profit nearly twice the size of the top line it came from. The Nasdaq-listed miner, majority owned by Hut 8, also grew its Bitcoin stack from about 8,002 to about 8,427 coins and raised Satoshis Per Share by roughly 5% without selling stock through its at-the-market programme. Shares closed at $6.24 on 4 November, down 5.6% on the day, before the results release landed after the closing bell.
Source: Blockchain Reporter
