American Bitcoin posts $126 million Q3 profit and 5% rise in Bitcoin per share
American Bitcoin Corp. reported third‑quarter 2026 results on November 4, showing net income of $126 million and adjusted EBITDA of $221 million. The company grew its Bitcoin reserve to 8,427 BTC, a 5% increase quarter‑over‑quarter, and its Satoshis‑per‑share metric rose about 5% to roughly $11,600. Mining revenue fell to $63.4 million as power costs rose, pushing gross margin to about 41%. No new shares were issued and no Bitcoin was purchased in the quarter.
Why it matters
The profit was driven largely by a $197 million non‑cash gain from Bitcoin price appreciation, so earnings are sensitive to future Bitcoin price moves. The increase in Bitcoin per share and reserve size may support the company’s long‑term valuation, but higher mining costs could pressure margins if power prices stay elevated.
Key facts
- 1Net income was approximately $126 million for Q3 2026. prnewswire.com
- 2Adjusted EBITDA was approximately $221 million for Q3 2026. prnewswire.com
- 3Mining revenue for Q3 2026 was about $63.4 million, down from $67.0 million in Q2 2026. prnewswire.com
- 4Gross profit was about $25.8 million, representing a gross margin of roughly 41%. prnewswire.com
- 5Cost to mine one Bitcoin rose to about $42,100, up from $36,500 in Q2 2026. prnewswire.com
- 6Bitcoin holdings increased to 8,427 BTC, a rise of roughly 425 BTC (≈5%) from June 30 2026. prnewswire.com
Summary written by AlphAI AI Desk from 20 of 23 sources. Not investment advice. Figures are as stated by the linked sources.