American Bitcoin (NASDAQ:ABTC) Releases Earnings Results, Misses Expectations By $1.13 EPS

American Bitcoin (NASDAQ:ABTC) announced its quarterly earnings data on Wednesday. The company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.86 by ($1.13), Zacks reports. The firm had revenue of $63.35 million during the quarter, compared to analyst estimates of $72.70 million. American Bitcoin had a negative net margin of 71.75% and a negative return on equity of 29.89%.

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 Performance

ABTC traded down $0.89 during trading on Thursday, reaching $5.35. The company’s stock had a trading volume of 284,326 shares, compared to its average volume of 1,174,396. The company’s fifty day moving average price is $8.21 and its 200-day moving average price is $12.39. American Bitcoin has a 52-week low of $4.92 and a 52-week high of $80.35. The company has a market capitalization of $389.30 million, a price-to-earnings ratio of -1.77 and a beta of 4.09.

More American Bitcoin News

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

• Positive Sentiment: American Bitcoin reported a $126 million Q3 profit as gains in the value of its Bitcoin holdings boosted results. Its reserve grew to 8,427 BTC, and satoshis per share increased about 5%, supporting the company’s Bitcoin-accumulation strategy. American Bitcoin Q3 results
• Positive Sentiment: Bitcoin’s rise above $81,000 could increase the value of ABTC’s holdings. Co-founder Eric Trump attributed the rally to a perceived “flight to security,” though Bitcoin’s price remains an external and volatile driver. Eric Trump comments on Bitcoin rally
• Neutral Sentiment: BTIG Research lowered its price target to $12 from $15 but kept a Buy rating, signaling continued optimism while reducing its valuation outlook. BTIG Research ratings
• Negative Sentiment: Core operating results disappointed: Q3 revenue of $63.35 million fell short of the $72.70 million consensus, and reported EPS of $1.73 missed the $2.86 estimate. The headline profit depended on Bitcoin gains, making results vulnerable to a reversal in Bitcoin prices. Q3 profit and Bitcoin reserve report
• Negative Sentiment: Reports that the company faces rising electric bills add to concerns about mining costs and profitability. Report on rising electric bills

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ABTC. 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. Weiss Ratings restated a “sell (d)” rating on shares of American Bitcoin in a research note on Monday, September 21st. Maxim Group set a $16.00 target price on shares of American Bitcoin and gave the company a “buy” rating in a report on Monday, October 12th. HC Wainwright began coverage on shares of American Bitcoin in a research note on Monday, October 12th. They set a “buy” rating and a $22.00 target price for the company. Finally, Wall Street Zen lowered American Bitcoin from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.50.

About American Bitcoin

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