TLDR
- American Bitcoin purchased 11,298 ASIC miners to expand its bitcoin mining operations.
- The new equipment will increase the company’s total mining capacity by about 12%.
- The miners will add approximately 3.05 exahashes per second to the company’s hashrate.
- American Bitcoin will deploy the machines at its Drumheller site in Alberta in March 2026.
- The company’s total owned fleet will grow to 89,242 miners with 28.1 EH per second of capacity.
American Bitcoin confirmed the purchase of 11,298 ASIC miners to expand its bitcoin mining operations. The company said the new equipment will increase total capacity by about 12%. The machines will deploy at its Drumheller, Alberta, site in March 2026.
American Bitcoin Expands Fleet With 11,298 New Miners
American Bitcoin said the purchase will add about 3.05 exahashes per second of capacity. The miners will operate at an efficiency of 13.5 joules per terahash. As a result, the company’s total owned fleet will reach 89,242 units. The combined capacity will represent about 28.1 EH/s at an average efficiency of 16 J/TH.
The company stated that the equipment will arrive and be deployed in March 2026. Once installation finishes, the operational fleet will include 58,999 active miners. These machines will run at about 25 EH/s with an efficiency of 14.1 J/TH. Based on current network data, the added capacity equals about 0.3% of global hashrate. That share could produce about 42 bitcoin each month, or roughly 515 bitcoin each year.
Operational Strategy and Bitcoin Holdings
Eric Trump, co-founder and chief strategy officer, outlined the company’s focus. He said, “As bitcoin matures, the priority is clear: grow American-owned, professionally operated hashrate.” He added that this strategy will protect the network and support innovation in the United States.
Matt Prusak, president of American Bitcoin, described the firm’s mining approach. He said, “Every decision we make is oriented around maximizing Bitcoin accumulation.” The company reported that it mined bitcoin at a 53% discount to spot prices in the fourth quarter of 2025. During that period, bitcoin reached an all-time high above $126,000 in early October.
By year-end 2025, the firm reported revenue of $185.2 million. It posted a net loss of $153.2 million. The loss stemmed mainly from an unrealized $227.1 million loss on bitcoin holdings under fair value rules. The company closed the year with 5,401 bitcoin on its balance sheet.
American Bitcoin later reported holding 6,039 bitcoin valued at nearly $402 million. The company also posted a quarterly loss of $59.45 million. At recent prices near $68,000 per bitcoin, the projected annual output could generate about $35 million in gross revenue before costs.
Shares of American Bitcoin traded lower on Tuesday. The stock declined about 2.6% to $0.99 during trading. In later trading, the shares fell nearly 6% to below $0.96. Over the past month, the stock has dropped nearly 29%.
