American Bitcoin's $126M Q3 profit hinges on Bitcoin gain, not mining

The Bitcoin miner co-founded by Eric Trump, American Bitcoin (NASDAQ: ABTC), reported $126 million in net income during Q3 2026, a reversal in fortunes for a firm that lost $52 million in the previous quarter. Most of the dollar gains American Bitcoin reported for the third quarter came from a Bitcoin rally that added $197.3...