American Bitcoin Reports Record Profits in Q3 Driven by Mining Performance
American Bitcoin, a company supported by Eric Trump and Donald Trump Jr., has reported record profits for the third quarter of this year, as revealed in financial data released on Friday.
The company's results, which focus on cryptocurrency mining and trading, indicated substantial growth in both revenue and profit margins, with revenues reaching $64.2 million compared to $11.6 million during the same period last year. Its gross margin also increased by 7% quarter-over-quarter.
The firm attributed its profitability to improved profit margins across its operations, having mined 563 bitcoins in the third quarter alone. This figure accounts for over half of its total production for the first nine months of 2025, which totaled 1,006 bitcoins.
In a conference call discussing these results, Eric Trump, co-founder and strategic director of the company, stated: "Since our IPO on NASDAQ, we have added over 3,000 bitcoins to our reserves, and we have steadily advanced among the largest publicly traded bitcoin vaults globally."
It is important to note that Eric Trump serves as co-founder and strategic president of the company, while Donald Trump Jr. is one of the major shareholders. American Bitcoin is the latest in a series of cryptocurrency initiatives launched by the Trump family, which also includes Meme Coin and World Liberty Financial, a cryptocurrency firm in which former President Trump holds a stake.
