American Bitcoin Expands Mining Capacity by an Anticipated 12% in EH/s with 11,298 Additional ASICs
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American Bitcoin Expands Mining Capacity by an
Anticipated 12% in EH/s with 11,298 Additional
ASICs
Additional ASICs expected to add ~3.05 EH/s at ~13.5 J/TH, increasing its total owned fleet to ~28.1 EH/s at an average efficiency of ~16.0 J/TH across 89,242 miners.
After mining Bitcoin at a 53% discount relative to spot prices in Q4 2025, this fleet expansion reinforces American Bitcoin’s disciplined focus on maximizing Bitcoin accumulation at a structural advantage.
MIAMI, FL, March 3, 2026 – American Bitcoin Corp. (Nasdaq: ABTC) (“American Bitcoin” or the “Company”), a Bitcoin accumulator, today announced the purchase of 11,298 Bitcoin miners, adding an incremental ~3.05 exahash per second (“EH/s”) at an efficiency of ~13.5 joules per terahash (“J/TH”) to the Company’s fleet. Following this purchase, American Bitcoin’s fleet will expand to 89,242 miners, representing ~28.1 EH/s of owned capacity1 at an average efficiency of ~16.0 J/TH. The machines are expected to be delivered and deployed in March 2026 at the Drumheller site.
“As Bitcoin matures, the priority is clear: grow American-owned, professionally operated hashrate,” said Eric Trump, Co-Founder and Chief Strategy Officer at American Bitcoin. “That’s how we protect the network, drive innovation, and lead the future of Bitcoin in America.”
“Every decision we make is oriented around maximizing Bitcoin accumulation,” said Matt Prusak, President of American Bitcoin. “That's the discipline our shareholders should expect from us.”
American Bitcoin's mining operations serve as the
foundational layer of the Company's business model:
accumulating Bitcoin at a cost below spot prices. The
Company's fleet strategy is centered on deploying
high-efficiency hardware, optimizing energy costs, and
maintaining the flexibility to scale operations in
response to evolving network and market conditions. By
deploying high-efficiency hardware, the Company seeks to
produce Bitcoin at a structurally advantaged cost basis
and strengthen its position as a long-term Bitcoin
accumulator. The Company remains focused on its core
objective: growing Bitcoin holdings per share through
disciplined mining operations and prudent capital
allocation.
Note: (1) Owned fleet represents the total number of
Bitcoin miners and aggregate hashrate owned by the
Company, including units that may not currently be
operational or energized at an operating site.
Operational fleet represents the total number of
Bitcoin miners and aggregate hashrate currently
operational and energized at the Company’s operating
sites. Upon energization of the additional miners, the
operational fleet will be comprised of 58,999 miners
deployed at ~25.0 EH/s with efficiency of ~14.1
J/TH.
About American Bitcoin Corp.
American Bitcoin Corp., a majority-owned subsidiary of
Hut 8 Corp., is a Bitcoin accumulation platform focused
on building America’s Bitcoin infrastructure platform.
The Company delivers institutional-grade exposure to
Bitcoin through an industry-first business model that
integrates scaled self-mining operations with
disciplined accumulation strategies. For more
information, visit abtc.com and follow the Company on X
at @ABTC.
Cautionary Note Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements, including, but are not limited to, statements relating to the delivery and deployment of the Company’s purchased miners, including the timing, expected improvements to fleet economics, efficiency and hashrate, financing flexibility, as well as the Company’s future business strategy, competitive strengths, expansion, and growth of the business and operations more generally.
Forward-looking statements are not statements of
historical fact, but instead represent management’s
expectations, estimates, and projections regarding
future events based on certain material factors and
assumptions at the time the statement was made. While
considered reasonable by the Company as of the date of
this press release, such statements are subject to known
and unknown risks, uncertainties, assumptions and other
factors that may cause the actual results, level of
activity, performance, or achievements to be materially
different from those expressed or implied by such
forward-looking statements, including, but not limited
to: the price of Bitcoin and concentration of Bitcoin
holdings; failure to grow hashrate; the purchase of
miners; competition from other methods of investing in
Bitcoin; uncertainty in the development and acceptance
of the Bitcoin network; reliance on third-party mining
pool service providers; hedging transactions; Bitcoin
halving events; failure to realize the anticipated
benefits of the merger transactions; dependence on Hut
8; liquidity constraints and failure to raise additional
capital; failure of critical systems; competition from
current and future competitors; changes in leasing
arrangements; hazards and operational risks; electrical
power requirements; geopolitical, social, economic, and
other events and circumstances; cybersecurity threats
and breaches; Internet-related disruptions; dependence
on key personnel; having a limited operating history;
rapidly changing technology; predicting facility
requirements; acquisitions, strategic alliances or joint
ventures; operating and expanding internationally;
legal, regulatory, governmental, and technological
uncertainties; physical risks related to climate change;
involvement in legal proceedings; stock price
volatility; the Company's multi-class capital
structure and status as a controlled company; and other
factors that may affect the future business, results,
financial position and prospects of the Company.
Additional factors that could cause results to differ
materially from those described above can be found in
the Company’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2024, the proxy
statement/prospectus filed by the Company with the U.S.
Securities and Exchange Commission (the “SEC”) on July
31, 2025, in the Company’s Current Report on Form 8-K
filed with the SEC on September 3, 2025 and in other
documents filed by the Company from time to time with
the SEC.
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