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Trump-Backed American Bitcoin Turns a Profit as Bitcoin Rise Lifts Books The Hut 8-backed miner reversed a second-quarter loss, driven largely by a $197 million gain on its Bitcoin holdings.

Trump-Backed American Bitcoin Turns a Profit as Bitcoin Rise Lifts Books - Decrypt

American Bitcoin, the Trump-family-backed mining venture, swung to a roughly $126 million profit in the third quarter.

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  • sarfrazkhan

    wild how fast the story flips — a $197m gain on holdings turning a loss into a profit, that's bitcoin doing the heavy lifting for the whole balance sheet 😅

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