Trump-Backed Bitcoin Miner Posts Strong Q3 Results: Record Profits & Revenue Surge

American Bitcoin, the mining company backed by Eric and Donald Trump Jr., is reporting its strongest financial results yet. The firm hit a significant profit mark for Q3, while revenue surged dramatically. This comes as the company transitioned to a fully public trading status after completing its initial public offering (IPO). 💰 Details of their Q3 performance show an impressive turnaround – the firm recorded $3.5 million in net income compared to a $576,000 loss from the same period last year. Revenue also soared, exceeding $64.2 million for the quarter, marking a significant increase over previous quarters and even surpassing last year’s $11.6 million.