Trump brothers-backed American Bitcoin's Q3 profit more than doubles

Published at 2025-11-14 15:06:00

American Bitcoin, a miner and buyer of Bitcoin backed by two of U.S. President Donald Trump's sons, said on Friday its third-quarter profit more than doubled as wider margins improved returns. The company credited stronger operating economics and cost management for the jump, saying those factors expanded the spread between revenue and expenses for the period.

The result underscores resilience in large-scale Bitcoin mining operations as firms optimize power usage and fleet efficiency. For market participants, the beat may reinforce appetite for mining equities and highlight how operational gains can amplify outcomes in a volatile BTC environment, while keeping investor focus on regulatory and energy-cost developments going forward.

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Leopold Aschenbrenner’s Situational Awareness LP disclosed $5.52 billion in equity exposure concentrated in power infrastructure, data centers and Bitcoin mining companies, an SEC filing shows. The rapid build-up in under a year signals rising institutional conviction in mining and related infrastructure.

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Published at 2026-03-04 10:30:46

Paraguay Turns 1,500 Seized Rigs Into State-Led Bitcoin Mining Program

Paraguay’s state utility ANDE will relaunch 1,500 confiscated Bitcoin mining rigs in partnership with Morphware, running them on surplus hydroelectric power under direct government supervision. The program aims to repurpose seized equipment and generate public revenue while testing a state-run mining model.

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Published at 2026-03-04 09:00:16

Binance Seeks Five More APAC Licenses in Major Asia Push

Binance plans to secure five additional operational licenses across the Asia-Pacific by the end of 2026, intensifying its regional expansion and regulatory engagement. The move follows the exchange's broader strategy to normalize local operations and grow product access.

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Published at 2026-03-04 08:00:10

U.S. Executes First 2026 Bitcoin Transfer From Government Wallet Amid Iran Crisis

On March 3, 2026, U.S. federal authorities moved a small amount of Bitcoin from a government-controlled wallet, the first blockchain-recorded Bitcoin transaction by the U.S. this year. The transfer was logged on-chain amid heightened tensions around Iran.

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Published at 2026-03-04 07:30:13

Core Scientific to Sell Most of 2,500 BTC to Fund AI Data Centers

Core Scientific plans to sell most of its 2,500 BTC in Q1 2026 to boost liquidity and finance AI-focused data center buildouts. The move underscores a broader industry shift as public bitcoin miners pivot toward high-performance computing.