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Trump Family-Linked American Bitcoin Posts Q3 Profit, Doubles Revenue
The shares slumped more than 13% in pre-market trading as the price of bitcoin tumbled.
Nov 14, 2025, 1:31 p.m.
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What to know:
- American Bitcoin reported a third-quarter profit and said revenue more than doubled in its its first full quarter as a public company
- The company's BTC holdings rose to 4,004 this month.
- The shares tumbled in pre-market trading as the crypto market slumped.
Bitcoin miner American Bitcoin (ABTC) reported a third-quarter profit and said revenue more than doubled from the year-earlier period as it expanded its mining capacity and completed its first full quarter as a publicly traded company.
Net income at the Miami-based company 20% owned by Donald Trump Jr. and Eric Trump rose to $3.47 million, a turnaround from a $576,000 loss the year before, and revenue surged fivefold to $64.2 million, according to an SEC filing.
STORY CONTINUES BELOW
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American Bitcoin became a standalone public entity after completing a merger with Gryphon Digital Mining and spinning out from Hut 8’s (HUT) mining operations. Hut 8 retains a roughly 80% stake.
Shares of the company slid as much as 13% in pre-market trading as the price of bitcoin fell. The largest cryptocurrency dropped 7% in the past 24 hours, according to CoinDesk data.
During the quarter, American Bitcoin added 3,000 BTC to take its total to 3,418 BTC. It now has 4,004, according to a post on X earlier this month. That corresponds to 432 satoshis per share. A satoshi is the smallest denomination of a bitcoin, representing one hundred millionth of the token.
Mining capacity expanded roughly 2.5 times in the period to 25 exahash per second (EH/s) with a fleet averaging 16.3 joules per terahash.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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