In a major expansion of its North American mining operations, publicly traded firm American Bitcoin (NASDAQ: ABTC) has acquired 11,298 new ASIC miners. The purchase, confirmed on April 10, 2025, increases the company's total owned fleet to 89,242 units, representing approximately 28.1 exahash per second (EH/s) of owned hash rate at an average efficiency of 16 joules per terahash (J/TH).
The newly acquired miners are expected to add about 3.05 EH/s of capacity at an efficiency of around 13.5 J/TH. Delivery and deployment are scheduled for March 2026 at the company's Drumheller site in Alberta, Canada. Once energized, American Bitcoin's operational fleet will consist of 58,999 miners delivering roughly 25 EH/s with an efficiency of about 14.1 J/TH.
The strategic move represents a significant capital investment, with industry analysts estimating the hardware's value between $20 million and $35 million. The expansion boosts ABTC's total miner count by 14.5% and its estimated hash rate by approximately 15%, potentially increasing its daily Bitcoin output by about 1 BTC based on current network conditions.
Company leadership framed the expansion as a commitment to growing American-owned hash rate. "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."
The company's business model focuses on accumulating Bitcoin at a cost below spot prices. ABTC reported mining Bitcoin at a 53% discount relative to spot prices in Q4 2025. "Every decision we make is oriented around maximizing bitcoin accumulation," stated American Bitcoin President Matt Prusak.
Financially, American Bitcoin posted $185.2 million in revenue for 2025 but recorded a net loss of $153.2 million, primarily due to a $227.1 million non-cash mark-to-market loss on its Bitcoin holdings under fair value accounting rules. The company ended 2025 with 5,401 BTC on its balance sheet and has since grown its holdings to over 6,000 BTC.
This expansion occurs as North America solidifies its position as a Bitcoin mining hub following regulatory shifts in Asia. The move demonstrates institutional confidence in Bitcoin's long-term infrastructure needs, particularly ahead of the next halving event when operational efficiency becomes paramount.
