American Bitcoin Reports Q3 Mining Revenue of $63.4M and Swings to $126M Profit
Key Highlights: American Bitcoin swung to a net profit of approximately $126 million in Q3, fueled by a $197.3 million non-cash fair value gain on its digital asset portfolio. Operational mining challenges intensified as production dropped to roughly 891 Bitcoin and per-coin mining costs climbed from $36,500 to roughly $42,100 due to seasonal power spikes. ...