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American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI

FxGain News Newsdesk · · reported by 1 source

American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
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Cointelegraph (Nov 6, 04:43): 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.

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