American Bitcoin Adds 11,298 ASIC Miners, Boosting Hashrate 12% as Shares Drop 7%
American Bitcoin expanded owned mining capacity by 12% through purchase of 11,298 ASIC miners, adding 3.05 EH/s and improving fleet efficiency to 13.5 J/TH. Despite this boost, its shares fell 7%, breaking key technical support levels as investors weighed deployment timing and capital market concerns.
1. Capacity Expansion
American Bitcoin purchased 11,298 ASIC miners, adding 3.05 exahash per second and raising owned capacity by 12% to 28.1 EH/s. The new units operate at 13.5 joules per terahash versus the fleet average of 16 J/TH and will be deployed at its Drumheller, Alberta site in March 2026, boosting operational capacity to roughly 25 EH/s once online.
2. Market Reaction And Technical Pressure
The company’s shares dropped 7%, breaching key technical support after breaking below its 200-day moving average and lower Bollinger Band. This slide raises delisting concerns and signals intense selling pressure, with limited visible support from recent trading ranges. Analysts warn a further breach of technical floors could trigger accelerated downside momentum.
3. Accumulation Strategy And Financial Performance
American Bitcoin ended 2025 with 5,401 BTC and has since grown holdings to over 6,000 BTC. It mined Bitcoin at a 53% cost discount to spot in Q4 2025, generating $185.2 million in revenue and a net loss of $153.2 million, largely due to a non-cash $227.1 million mark-to-market accounting adjustment.