American Bitcoin’s $126 Million Profit Rode Bitcoin’s Rally. Q4 Is Testing It
American Bitcoin (ABTC) earned $126 million in the third quarter (Q3), powered by a $197.3 million Bitcoin (BTC) gain. Without it, the miner’s operations posted a small loss. The company, co-founded by Eric Trump, released its earnings after the US market closed on November 4. Its stock had already fallen 5.6% from…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinQuarterly results
A public company's report of its revenue, profit and outlook for a three-month period.
Results show how a business is really doing and often move its share price sharply.
More about Quarterly resultsMore in Bitcoin
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