Trump-Backed American Bitcoin Turns a Profit as Bitcoin Rise Lifts Books
Summary
American Bitcoin swung to a profit after overcoming a previous quarterly loss. The positive financial turnaround was primarily fueled by a significant increase in the value of its cryptocurrency reserves.
The Hut 8-backed miner reversed a second-quarter loss, driven largely by a $197 million gain on its Bitcoin holdings.
Source: Read the full story at Decrypt
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