American Bitcoin Adds 11,298 Miners, Raises Hashrate 12%
American Bitcoin added 11,298 ASIC miners, increasing its fleet to 89,242 machines and owned hashrate by about 12% to 28.1 EH/s with 13.5 J/TH efficiency. Shares rallied over 12% as the firm advances its below-spot-cost bitcoin accumulation strategy.
1. Fleet Expansion Details
American Bitcoin added 11,298 ASIC miners at its Drumheller facility, raising its total mining fleet to 89,242 machines and boosting owned hashrate by roughly 12% to 28.1 EH/s.
2. Efficiency and Cost Advantage
The new units deliver about 3.05 EH/s at 13.5 J/TH efficiency, improving overall fleet economics and reinforcing the company’s model of generating bitcoin below spot-market cost.
3. Treasury Growth and Cost Discount
The firm has built a treasury exceeding 7,000 bitcoin valued around $552 million and achieved fourth-quarter mining breakeven at a 53% discount to spot prices.
4. Market Reaction and Strategy
Shares rallied over 12% following the capacity announcement, reflecting investor confidence in the company's disciplined capital allocation and focus on American-operated hashrate for bitcoin accumulation.