American Bitcoin returns to quarterly profit as power costs weigh on margins

American Bitcoin’s November 4, 2026 earnings release showed a return to quarterly profit, with the company reporting approximately $126 million in net income. The company also recorded a roughly 5% increase in Satoshis Per Share and did not issue shares through its at-the-market program, according to The Cryptonomist’s summary of the release. Mining margins were under pressure because of higher seasonal power costs. The report links that expense increase to the company’s operating environment, while its expanded Bitcoin reserve and increased Satoshis Per Share point to a larger Bitcoin allocation and improved per-share production measure during the quarter. Only The Cryptonomist covered the earnings release, so the figures and operational details are single-source rather than independently corroborated by other outlets in the supplied coverage. Verified network data from mempool.space put Bitcoin’s hashrate at 1,032 EH/s and network difficulty at 148.4T, providing current context for the mining conditions surrounding the company’s results. Live market data showed Bitcoin at $80,499, up 6.08% over 24 hours and 0.78% over seven days. Its market capitalization stood at $1.62 trillion, while the broader crypto market capitalization was $2.76 trillion and the overall market was broadly higher. The Fear & Greed Index was 50, classified as Neutral. The results and market conditions leave attention on power expenses, Bitcoin production efficiency, reserve growth, and whether the company continues avoiding ATM share issuance.