Summary by Futu AI
American Bitcoin Corp reported Q3 2025 revenue of $64.2 million, a significant increase from $11.6 million in Q3 2024, driven by improved mining efficiencies and expanded operations. The company mined 563 Bitcoin during the quarter at an average revenue of $114,097 per Bitcoin, while operating costs rose to $28.3 million due to increased power consumption and higher electricity rates at $42.41 per megawatt hour.The company completed several strategic initiatives, including a merger with Gryphon Digital Mining and the purchase of approximately 17,280 Bitmain miners for $320 million, adding 14.86 EH/s to its mining capacity. Through its at-the-market offering program launched in September, the company raised $90 million by selling 11 million shares at an average price of $8.17 per share.As of September 30, 2025, American Bitcoin held 3,418 Bitcoin in its strategic reserve, with 2,385 Bitcoin pledged for miner purchases. The company reported net income of $3.5 million for Q3, despite recording a $5.5 million loss on digital assets due to Bitcoin price fluctuations. Operating expenses increased to $28.7 million, including $15.2 million in depreciation and amortization.
