American Bitcoin (NASDAQ: ABTC) announced Tuesday that it has purchased 11,298 additional ASIC miners, adding approximately 3.05 exahash per second of capacity at an efficiency of around 13.5 joules per terahash.
The company said the new machines will increase its total owned fleet to approximately 89,242 miners, representing about 28.1 EH/s of owned hashrate at an average efficiency of 16 J/TH.
The miners are expected to be delivered and deployed in March 2026 at the company’s Drumheller site in Alberta. Upon energization, American Bitcoin said its operational fleet will comprise 58,999 miners deployed at roughly 25 EH/s with an efficiency of about 14.1 J/TH.
The company defines its owned fleet as the total number of miners and aggregate hashrate it owns, including units not yet operational. The largest public bitcoin miners currently maintain a capacity of around 50 EH/s.
“As Bitcoin matures, the priority is clear: grow American-owned, professionally operated hashrate,” Eric Trump, co-founder and chief strategy officer at American Bitcoin, said in a statement. “That’s how we protect the network, drive innovation, and lead the future of Bitcoin in America.”
Bitcoin accumulation strategy
American Bitcoin’s mining operations serve as the foundation of its business model, which aims to accumulate bitcoin at a cost below spot prices. The company said it mined bitcoin at a 53% discount relative to spot prices in the fourth quarter of 2025 and that the fleet expansion reinforces its focus on maximizing bitcoin accumulation at a structural advantage.
“Every decision we make is oriented around maximizing bitcoin accumulation,” American Bitcoin President Matt Prusak said. “That’s the discipline our shareholders should expect from us.”
The expansion follows the company’s first full year as a standalone public entity. For 2025, American Bitcoin posted $185.2 million in revenue and a net loss of $153.2 million, primarily driven by a $227.1 million non-cash mark-to-market loss on its bitcoin holdings under fair value accounting rules. It ended the year with 5,401 BTC on its balance sheet and has since grown holdings to more than 6,000 BTC, The Block previously reported.
While some publicly traded miners are increasingly monetizing their bitcoin treasuries to help fund artificial intelligence and high-performance computing pivots, American Bitcoin has continued to emphasize scaled self-mining and accumulation.
The company, a majority-owned subsidiary of Hut 8, said it remains focused on deploying high-efficiency hardware, optimizing energy costs, and maintaining flexibility to scale operations in response to market and network conditions, with the goal of growing bitcoin holdings per share through disciplined mining and capital allocation.
American Bitcoin shares are currently down 2.8% in pre-market trading on Tuesday and 41.7% year-to-date, according to The Block’s ABTC price page.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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