American Bitcoin (NASDAQ:ABTC) Issues Earnings Results

American Bitcoin (NASDAQ:ABTC) released its quarterly earnings data on Wednesday. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.86 by ($1.13), Zacks reports. American Bitcoin had a negative net margin of 26.74% and a negative return on equity of 10.69%. The firm had revenue of $63.35 million for the quarter, compared to the consensus estimate of $72.70 million.

Here are the key takeaways from American Bitcoin’s conference call:

• Mining economics weakened quarter over quarter: American Bitcoin mined 891 BTC versus 932 in Q2, while revenue fell about 5% and gross margin declined to 41% from 49%. The company attributed higher costs per Bitcoin primarily to seasonal energy prices.
• Reported earnings were boosted by Bitcoin’s price appreciation: Net income was about $126 million, but results included $197.3 million in non-cash digital-asset gains; management cautioned that mark-to-market changes can drive significant swings in reported earnings.
• The Bitcoin reserve and Bitcoin per share grew: The company ended September with 8,427 BTC and reported a 5% quarterly increase in Satoshis Per Share. It said the reserve additions came from mining, with no ATM share issuance or open-market Bitcoin purchases during the quarter.
• Energy and capital decisions remain key constraints: The company sold about 465 BTC to cover operating costs and said fleet expansion depends on mining returns, equipment costs, and power-market conditions. Executives also noted that AI and data-center demand is competing for electricity and that some peers are shifting mining capacity toward those uses.

American Bitcoin Stock Down 1.0%

Shares of ABTC stock traded down $0.05 on Friday, reaching $5.26. The company’s stock had a trading volume of 783,607 shares, compared to its average volume of 1,181,755. The company has a market capitalization of $382.96 million, a P/E ratio of -3.99 and a beta of 4.09. American Bitcoin has a 12-month low of $4.91 and a 12-month high of $80.35. The stock’s 50 day simple moving average is $8.15 and its 200-day simple moving average is $12.29.

Analysts Set New Price Targets

ABTC has been the subject of a number of recent research reports. Maxim Group set a $16.00 target price on American Bitcoin and gave the stock a “buy” rating in a research report on Monday, October 12th. HC Wainwright started coverage on shares of American Bitcoin in a research note on Monday, October 12th. They set a “buy” rating and a $22.00 price target on the stock. Wall Street Zen downgraded shares of American Bitcoin from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of American Bitcoin in a research note on Monday, September 21st. Finally, BTIG Research reduced their target price on American Bitcoin from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.50.

Key Headlines Impacting American Bitcoin

Here are the key news stories impacting American Bitcoin this week:

• Positive Sentiment: American Bitcoin reported about $126 million in Q3 net income and $221 million in adjusted EBITDA, reversing the prior quarter’s loss. Its reserve grew to 8,427 BTC, and Bitcoin per share increased about 5%. CoinDesk article
• Neutral Sentiment: HC Wainwright maintained its Buy rating and $22 price target, though the target and rating do not offset its lowered earnings expectations. MarketBeat analyst coverage
• Negative Sentiment: Q3 revenue was $63.35 million, below the roughly $72.7 million analyst consensus. The reported $126 million profit was largely tied to Bitcoin gains, while mining costs rose and production declined—raising concerns about the underlying operating business. CoinDesk article
• Negative Sentiment: HC Wainwright lowered its FY2027 EPS forecast to $1.46 from $1.64 and cut estimates across Q4 2026 and each quarter of 2027, signaling reduced earnings expectations. MarketBeat analyst coverage

American Bitcoin Company Profile

Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp., is based in DENVER.