Trump’s Sons’ Venture, American Bitcoin, Achieves Profitability In Q3–A Closer Look
PositiveCryptocurrency

American Bitcoin (ABTC), co-founded by Eric Trump and Donald Trump Jr., reported significant profits for the third quarter (Q3) of the year. The company, which operates as a miner and buyer of Bitcoin, achieved a revenue of $64.2 million, marking a notable increase from the previous quarter. The net income for Q3 reached $3.5 million, slightly surpassing the $3.4 million earned in the same quarter last year. Throughout the quarter, American Bitcoin acquired over 3,000 BTC through mining operations and strategic purchases, joining other companies in accumulating Bitcoin. As of September 30, the company held a total of 3,418 BTC and increased its mining capacity by 2.5 times, reaching a total capacity of 25 EH/s.
— via World Pulse Now AI Editorial System







