The Nasdaq-listed miner co-founded by Eric Trump published its third-quarter 2026 results on November 4, reporting net income of about $126M after a $57.2M net loss in Q2. Adjusted EBITDA reached about $221M, compared with a $45M loss a quarter earlier.

Bitcoin holdings rose about 5% to roughly 8,427 BTC, up about 425 BTC in a single quarter, without ATM share sales or BTC purchases.

The operating side was weaker. Mining revenue slipped to $63.4M from $67.0M, output fell to about 891 BTC from 932, and cost to mine climbed to about $42,100 per BTC from $36,500 on higher seasonal power costs. Gross margin narrowed to about 41% from 49%.

The company runs about 89,242 owned miners with 28.1 EH/s of capacity. Around 3,090 BTC of the reserve is pledged under miner purchase agreements with Bitmain.