American Bitcoin said it has purchased 11,298 additional ASIC miners, a move it expects will expand owned mining capacity by about 12% to roughly 28.1 EH/s.
The company said the new batch adds around 3.05 EH/s of capacity at about 13.5 J/TH.
Fleet expansion details
American Bitcoin said the purchase will bring its total owned fleet to about 89,242 machines.
It put average owned-fleet efficiency at roughly 16 J/TH.
The miners are slated for delivery and deployment in March 2026 at the company’s Drumheller site in Alberta.
Upon energization, American Bitcoin said its operational fleet would total 58,999 miners running at about 25 EH/s with efficiency around 14.1 J/TH.
The company defines its “owned fleet” as all miners and aggregate hashrate it owns, including units not yet operational.
Eric Trump on scaling hashrate
Eric Trump, the firm’s co-founder and chief strategy officer, said in a statement:
“As Bitcoin matures, the priority is clear: grow American-owned, professionally operated hashrate.”
Mining for accumulation
American Bitcoin said the expansion supports its approach of accumulating bitcoin at a cost below spot prices.
It reported mining at a 53% discount to spot in the fourth quarter of 2025, with a 53% gross margin.
President Matt Prusak said:
“Every decision we make is oriented around maximizing bitcoin accumulation.”
Financials and holdings
For 2025, American Bitcoin reported $185.2 million in revenue and a net loss of $153.2 million.
The company attributed the loss primarily to a $227.1 million non-cash mark-to-market loss on its bitcoin holdings under fair value accounting.
It ended 2025 with 5,401 BTC and said holdings have since grown to more than 6,000 BTC.
The company is a majority-owned subsidiary of Hut 8.
It also said it remains focused on high-efficiency hardware, energy-cost optimization, and flexibility to scale with market and network conditions.
American Bitcoin shares were down 2.8% in pre-market trading Tuesday and 41.7% year-to-date.
