Eric Trump’s American Bitcoin Banks $126M Profit—But ABTC Shares Dive

American Bitcoin Corp., co-founded by Eric Trump, reported $126 million in Q3 net income and $221 million in adjusted EBITDA, reversing prior losses. The Nasdaq-listed miner expanded its holdings to 8,427 BTC, ranking 13th among public corporate holders. However, mining costs rose 15.3% and production declined, causing ABTC shares to dive.