The Latest Earnings of US Bitcoin have put the company back in the spotlight.
Eric Trump, the company’s co-founder and Chief Strategy Officer, shared the results on X with a short but optimistic message “Just started! @ABTC”.
US Bitcoin has posted one of its strongest quarters yet, showing how quickly this new mining company is scaling.
Here are the details.
Quarterly turnover increases, profit becomes positive
The company reported revenue of $64.2 million for the quarter ended September 30, a sharp increase from $11.6 million a year earlier. Net profit came in at $3.5 million, compared to a loss of $0.6 million in the same quarter last year.
This jump is related to what the company calls its asset-light approach to mining.
Also Read: Eric Trump Claims Crypto Can Save the US Dollar – Here’s How
Eric Trump summed it up in the earnings statement“While others paid, we generated below-market bitcoin through scalable, asset-light mining operations. Combined with disciplined market purchasing.”
The ability to mine BTC well below the market price has become one of the company’s biggest selling points.
A mining company built around Bitcoin accumulation
US Bitcoin now owns 4,004 BTCworth approximately $400 million based on recent prices.
Eric Trump said at one Bloomberg podcast that is their core philosophy “Increasing Bitcoin Per Share,” that are distinct from ETF-style exposure.
He also claimed that the company is mining Bitcoin at about 50% of the spot price — about $56,000 per BTC — thanks to long-term energy deals and access to cheap renewable energy in West Texas.
It’s worth noting how quickly this company has moved. The American Bitcoin was launched on April 1 and listed on the Nasdaq within five months. It has already climbed into the top 25 largest public Bitcoin treasuries worldwide.
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 for friendlier rules for the industry and has repeatedly said it wants the US to become “#1 in bitcoin mining.”
This approach has drawn criticism from ethics experts concerned about overlapping business and political interests, but US-based Bitcoin says it has no direct interaction with federal regulators.
Future plans
Eric Trump has made it clear that the company has no plans to move into AI hosting – a path that many miners are now exploring. “No. Exactly the opposite. We’re only going to increase,” he said.
With revenues rising, government bonds growing and political attention high, US Bitcoin is developing rapidly – much faster than most miners its age.
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