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quarter's revenue. Net income stood at $3.5 million, compared to $3.4 million in Q3 2024.Related: Michael Saylor finally addresses short-sellers as mNav dropsThe company acquired more than 3,000 BTC through mining and strategic purchases during the last quarter. Bitcoin mining is the process of solving complex cryptographic functions using high-end computing power to verify and add blocks to the blockchain network. Miners receive rewards in the form of Bitcoin in exchange for securing the network.As of Sep. 30, its total holdings stood at 3,418 BTC.The firm scaled its Bitcoin mining capacity by approximately 2.5 times QoQ, adding approximately 14.8 exahash per second (EH/s) of capacity to reach a total of ~25.0 EH/s as of Sep. 30.Cathie Wood loads up on favorite crypto stocks amid tech slideWinklevoss-backed stock halted multiple times after wild 550% rallyMicroStrategy stock drops 60% from peak as mNAV approaches 1"The third quarter validated the thesis behind American Bitcoin," said American Bitcoin co-founder and chief strategy officer Eric Trump. "While others paid spot, we generated Bitcoin below market through scalable, asset-light mining operations.""This dual strategy is how we intend to compound value for our shareholders and solidify our position as a capital-efficient platform for long-term Bitcoin accumulation," he added.Eric Trump, Tiffany Trump, Michael Boulos, Bettina Anderson and Donald Trump, Jr attend President Donald Trump's joint session of Congress at the U.S. Capitol on March 04, 2025 in Washington, DC."Our third-quarter performance reflects the speed, discipline, and precision with which we are executing against our differentiated Bitcoin accumulation model," said CEO Michael Ho."We more than doubled our mining capacity, more than doubled revenue, and grew gross margin by seven percentage points quarter-over-quarter."The Bitcoin mining giant Hut 8 (Nasdaq: HUT) owns 80% of American Bitcoin, and the Trump brothers and other shareholders own the remaining 20%.The company's stock jumped more than 5% after the market opened on Nov. 14. At the time of writing, it was exchanging hands at $4.9861.Related: What is Bitcoin mining? ExplainedThis story was originally reported by TheStreet on Nov 14, 2025, where it first appeared in the Trading News & Analysis section. 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