The post “Just Getting Started”: Eric Trump’s American Bitcoin Posts Sharp Q3 Revenue Jump appeared first on Coinpedia Fintech News
American Bitcoin’s latest earnings have put the company back in the spotlight.
Eric Trump, the company’s cofounder and chief strategy officer, shared the results on X with a short but optimistic message “Just getting started! @ABTC”.
American Bitcoin has delivered one of its strongest quarters yet, showing how fast this new mining business is scaling.
Here are the details.
Quarterly Revenue Jumps, Profit Turns Positive
The company reported $64.2 million in revenue for the quarter ending September 30, up sharply from $11.6 million a year earlier. Net income came in at $3.5 million, compared with a $0.6 million loss in the same quarter last year.
This jump is tied to what the company calls its “asset-light” approach to mining.
Also Read: Eric Trump Claims Crypto Can Rescue the US Dollar – Here’s How
Eric Trump summed it up in the earnings statement“While others paid spot, we generated bitcoin below market through scalable, asset-light mining operations. Coupled with disciplined at-market purchases.”
The ability to mine BTC well below market price has become one of the company’s biggest selling points.
A Mining Company Built Around Bitcoin Accumulation
American Bitcoin now holds 4,004 BTC, worth about $400 million based on recent prices.
Eric Trump said on a Bloomberg podcast that their core philosophy is to “increase bitcoin per share,” separating themselves from ETF-style exposure.
He also claimed the company mines Bitcoin at roughly 50% of the spot price – around $56,000 per BTC – thanks to long-term energy agreements and access to cheap renewable power in West Texas.
It’s worth noting how fast this company has moved. American Bitcoin was launched on April 1 and listed on Nasdaq within five months. It has already climbed into the top 25 largest public Bitcoin treasuries globally.
Part of a Much Larger Trump Crypto Push
This company fits into the Trump family’s broader crypto presence, which includes a meme coin, the USD1 stablecoin, Trump Media’s growing Bitcoin treasury, and World Liberty Financial.
The current administration is also pushing friendlier rules for the sector and has repeatedly said it wants the U.S. to be “#1 in bitcoin mining.”
This approach has attracted criticism from ethics experts who worry about overlapping business and political interests, but American Bitcoin says it has no direct interaction with federal regulators.
Future Plans
Eric Trump has made it clear the company has no intention of shifting toward AI hosting – a path many miners are now exploring. “No. The exact opposite. We’re only going to ramp up,” he said.
With revenue surging, treasury holdings growing, and political attention high, American Bitcoin is moving fast – much faster than most miners of its age.