PANews reported on November 14th that American Bitcoin (NASDAQ: ABTC) announced its Q3 2025 results: During the quarter, it acquired over 3,000 Bitcoins through self-built low-cost mining and market purchases, bringing its total reserves to 3,418 BTC. The company's revenue surged year-over-year to $64.2 million (compared to $11.6 million in the same period last year), with net profit of $3.5 million, turning a profit from a loss in the same period last year. Gross margin increased from 49% to 56%. During this period, the company completed a stock-swap merger with Gryphon Digital Mining and listed on NASDAQ. Mining hashrate increased approximately 2.5 times quarter-over-quarter to approximately 25 EH/s. The company stated it will continue to drive long-term BTC accumulation using a "scaled, asset-light mining + market-price acquisition" model.