Source: CoinTelegraph ↗
American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
Translation unavailable. Please try again.
What the source reports
The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.
Read the original report on CoinTelegraph ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →What is Happening to Bitcoin Price? Inside the Shocking 48 Hours
Bitcoin’s election rally lasted barely a day. After climbing above $80,800 following Tuesday’s US midterms, the cryptocurrency plunged toward $75,500 on Thursday, November 5. The reversal came as Wall Street suffered its worst tech stock selloff in months, exposing how fragile Bitcoin’s recovery had become. Why Did Bitcoin Reverse So Quickly? Wednesday’s gains followed a The post What is Happening...
Core Scientific to quit Bitcoin mining by year-end as AI business surges
The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.
Bitcoin Fixes This? Paraguay President Resigns After Bank Lockout Hits 60% of Country
Ueno’s collapse trapped millions of Paraguayan depositors and triggered a president’s resignation, reviving Bitcoin’s argument for self-custody.