CryptoUpdated November 5

Cointelegraph reports rising mining costs and shrinking margins at American Bitcoin

Cointelegraph put American Bitcoin’s $126 million in third-quarter net income alongside a less comfortable picture for its mining business. It said gains on the company’s Bitcoin holdings largely drove the profit, while mining costs were rising and margins shrinking. The company returned to profit, but the mining operation was still under pressure.

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Coverage started November 5