American Bitcoin posts $126 million net profit as rising costs, rivals pivot to AI
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🚨 American Bitcoin reported a $126 million net profit driven by BTC holdings.
💡 Rising mining costs and competition from AI-focused rivals put pressure on the firm.
📉 Revenue missed forecasts and $ABTC shares fell 15% as rivals expand into AI.
Continue Reading:American Bitcoin posts $126 million net profit as rising costs, rivals pivot to AI
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