Cointime reports: American Bitcoin, the Eric Trump co-founded miner, reported a $126 million quarterly profit that depended on a $197.3 million accounting gain on the bitcoin it holds. Without that gain, the company would have lost about $70 million before taxes, as output, revenue and margins slipped from the second quarter.
American Bitcoin’s $126M Quarterly Profit Relies on $197.3M Bitcoin Treasury Gain
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