American Bitcoin Expands Mining Capacity by an Anticipated 12% in EH/s with 11,298 Additional ASICs

Rhea-AI Summary

American Bitcoin (Nasdaq: ABTC) purchased 11,298 ASIC miners, adding ~3.05 EH/s at ~13.5 J/TH and expanding its owned fleet to ~28.1 EH/s across 89,242 miners with an average efficiency of ~16.0 J/TH.

The units are expected to be delivered and deployed in March 2026 at the Drumheller site; upon energization the operational fleet is projected at ~25.0 EH/s (58,999 miners). The company said it mined Bitcoin at a 53% discount to spot in Q4 2025.

Positive

• Owned hashrate increases by ~3.05 EH/s (~12% expansion)
• Fleet grows to ~28.1 EH/s across 89,242 miners
• Average fleet efficiency of ~16.0 J/TH
• Reported Bitcoin mined at a 53% discount to spot in Q4 2025

Negative

• Not all owned miners are operational; owned count includes units not energized
• Incremental miners require delivery and deployment in March 2026 before producing hashrate

Key Figures

Additional miners: 11,298 miners Added capacity: 3.05 EH/s New miner efficiency: 13.5 J/TH +5 more

8 metrics

Additional miners 11,298 miners New ASIC purchase for fleet expansion

Added capacity 3.05 EH/s Incremental hashrate from new miners

New miner efficiency 13.5 J/TH Efficiency of additional ASICs

Total owned capacity 28.1 EH/s Owned fleet capacity after expansion

Fleet efficiency 16.0 J/TH Average efficiency across owned fleet

Total miners owned 89,242 miners Owned fleet size after purchase

Q4 mining discount 53% Bitcoin mined at 53% discount vs spot in Q4 2025

Operational fleet post-energization 58,999 miners at 25.0 EH/s Expected operational fleet and capacity at 14.1 J/TH

Market Reality Check

Price: $1.02 Vol: Volume 18,397,747 is 1.36...

normal vol

$1.02 Last Close

Volume Volume 18,397,747 is 1.36x the 20-day average of 13,514,149, indicating elevated activity pre-announcement. normal

Technical Shares at $1.02 trade well below the 200-day MA of $3.81 and 92.98% under the 52-week high of $14.52.

Peers on Argus

ABTC’s pre-news price was flat over 24h, while peers like BMNR (+8.04%) and IREN...

ABTC’s pre-news price was flat over 24h, while peers like BMNR (+8.04%) and IREN (+5.94%) rose. Without a clear ABTC move, it is not possible to classify this as a sector-wide or stock-specific reaction.

Previous Crypto Reports

5 past events · Latest: Dec 16 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 16	Reserve milestone	Positive	+0.0%	Announced strategic reserve of 5,098 BTC and top-20 treasury status.
Dec 10	Reserve increase	Positive	-5.4%	Reported reserve increase to 4,783 BTC and SPS gain of 17.3%.
Nov 07	BTC accumulation	Positive	+2.2%	Disclosed addition of 139 BTC, raising reserve to 4,004 BTC and higher SPS.
Sep 25	Auditor change	Neutral	-4.3%	Appointed KPMG as new independent auditor for fiscal 2025.
Sep 09	Stake disclosure	Positive	+11.6%	Dominari highlighted a 23.2M-share strategic stake worth $171.7M.

Pattern Detected

Crypto-related updates have produced mixed single-day reactions, with both positive and negative moves clustered mostly within a mid-single to low-teens percent range.

Recent Company History

Recent crypto-tagged news for ABTC has focused on balance sheet strength and governance. On Dec 16, 2025, the company highlighted 5,098 BTC in reserves and entry into the top-20 public Bitcoin treasuries. Earlier in December, reserves rose to 4,783 BTC and Satoshis Per Share reached 507. In November, ABTC reported 4,004 BTC and SPS of 432. Other tagged events included appointing KPMG as auditor and Dominari’s disclosure of a strategic ABTC stake worth about $171.7 million at $7.40 per share.

Historical Comparison

+0.8% avg move · Across five prior crypto-tagged updates, ABTC’s average one-day move was 0.83%, with mostly modest p...

crypto

+0.8%

Average Historical Move crypto

Across five prior crypto-tagged updates, ABTC’s average one-day move was 0.83%, with mostly modest price reactions to reserve, governance, and listing milestones.

Crypto-tagged news shows a progression from Nasdaq listing and strategic stakes to growing Bitcoin reserves and enhanced auditor oversight, reinforcing the accumulation-focused strategy.

Market Pulse Summary

This announcement details a planned fleet expansion to 28.1 EH/s of owned capacity at an average eff...

Analysis

This announcement details a planned fleet expansion to 28.1 EH/s of owned capacity at an average efficiency of 16.0 J/TH, with 11,298 new ASICs expected to add about 3.05 EH/s. It reinforces ABTC’s focus on accumulating Bitcoin at a cost reportedly below spot prices. Compared with prior updates highlighting reserve growth and governance steps, this emphasizes infrastructure scale. Investors may track delivery, energization timing, and resulting Bitcoin holdings per share.

Key Terms

exahash per second, joules per terahash, hashrate

3 terms

exahash per second technical

"adding an incremental ~3.05 exahash per second ("EH/s") at an efficiency of ~13.5"

Exahash per second (EH/s) is a measure of computing power used in cryptocurrency mining equal to one quintillion (10^18) hashing operations every second; think of it like the number of lottery tickets being checked each second. For investors, a higher exahash rate signals a stronger, more secure network and greater competition among miners, which can influence mining profitability, network transaction costs, and the energy intensity tied to the asset.

joules per terahash technical

"at an efficiency of ~13.5 joules per terahash ("J/TH") to the Company's fleet"

Measure of energy required to perform one terahash (one trillion hash attempts) of cryptographic work, expressed in joules; a lower joules-per-terahash number indicates more energy-efficient mining equipment. Investors monitor it because it directly affects a miner’s electricity costs, profitability and environmental footprint—similar to miles per gallon for cars, better efficiency lowers running costs and can improve competitive and regulatory standing.

hashrate technical

"grow American-owned, professionally operated hashrate,"

Hashrate is a measure of how quickly a computer network can process and verify transactions, often expressed as the number of calculations it can perform in a second. Think of it like the engine power of a car; the higher the hashrate, the more work the network can do in a given time. For investors, a higher hashrate generally indicates a more secure and robust network, which can influence confidence and the value of related digital assets.

AI-generated analysis. Not financial advice.

Additional ASICs expected to add ~3.05 EH/s at ~13.5 J/TH, increasing its total owned fleet to ~28.1 EH/s at an average efficiency of ~16.0 J/TH across 89,242 miners.

After mining Bitcoin at a 53% discount relative to spot prices in Q4 2025, this fleet expansion reinforces American Bitcoin's disciplined focus on maximizing Bitcoin accumulation at a structural advantage.

MIAMI, March 3, 2026 /PRNewswire/ -- American Bitcoin Corp. (Nasdaq: ABTC) ("American Bitcoin" or the "Company"), a Bitcoin accumulator, today announced the purchase of 11,298 Bitcoin miners, adding an incremental ~3.05 exahash per second ("EH/s") at an efficiency of ~13.5 joules per terahash ("J/TH") to the Company's fleet. Following this purchase, American Bitcoin's fleet will expand to 89,242 miners, representing ~28.1 EH/s of owned capacity¹ at an average efficiency of ~16.0 J/TH. The machines are expected to be delivered and deployed in March 2026 at the Drumheller site.

"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."

"Every decision we make is oriented around maximizing Bitcoin accumulation," said Matt Prusak, President of American Bitcoin. "That's the discipline our shareholders should expect from us."

American Bitcoin's mining operations serve as the foundational layer of the Company's business model: accumulating Bitcoin at a cost below spot prices. The Company's fleet strategy is centered on deploying high-efficiency hardware, optimizing energy costs, and maintaining the flexibility to scale operations in response to evolving network and market conditions. By deploying high-efficiency hardware, the Company seeks to produce Bitcoin at a structurally advantaged cost basis and strengthen its position as a long-term Bitcoin accumulator. The Company remains focused on its core objective: growing Bitcoin holdings per share through disciplined mining operations and prudent capital allocation.

¹ Owned fleet represents the total number of Bitcoin miners and aggregate hashrate owned by the Company, including units that may not currently be operational or energized at an operating site.Operational fleet represents the total number of Bitcoin miners and aggregate hashrate currently operational and energized at the Company's operating sites. Upon energization of the additional miners, the operational fleet will be comprised of 58,999 miners deployed at ~25.0 EH/s with efficiency of ~14.1 J/TH.

About American Bitcoin Corp.

American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., is a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure platform. The Company delivers institutional-grade exposure to Bitcoin through an industry-first business model that integrates scaled self-mining operations with disciplined accumulation strategies. For more information, visit abtc.com and follow the Company on X at @ABTC.

Cautionary Note Regarding Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements, including, but are not limited to, statements relating to the delivery and deployment of the Company's purchased miners, including the timing, expected improvements to fleet economics, efficiency and hashrate, financing flexibility, as well as the Company's future business strategy, competitive strengths, expansion, and growth of the business and operations more generally.

Forward-looking statements are not statements of historical fact, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by the Company as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the price of Bitcoin and concentration of Bitcoin holdings; failure to grow hashrate; the purchase of miners; competition from other methods of investing in Bitcoin; uncertainty in the development and acceptance of the Bitcoin network; reliance on third-party mining pool service providers; hedging transactions; Bitcoin halving events; failure to realize the anticipated benefits of the merger transactions; dependence on Hut 8; liquidity constraints and failure to raise additional capital; failure of critical systems; competition from current and future competitors; changes in leasing arrangements; hazards and operational risks; electrical power requirements; geopolitical, social, economic, and other events and circumstances; cybersecurity threats and breaches; Internet-related disruptions; dependence on key personnel; having a limited operating history; rapidly changing technology; predicting facility requirements; acquisitions, strategic alliances or joint ventures; operating and expanding internationally; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; stock price volatility; the Company's multi-class capital structure and status as a controlled company; and other factors that may affect the future business, results, financial position and prospects of the Company. Additional factors that could cause results to differ materially from those described above can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, the proxy statement/prospectus filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") on July 31, 2025, in the Company's Current Report on Form 8-K filed with the SEC on September 3, 2025 and in other documents filed by the Company from time to time with the SEC.

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SOURCE American Bitcoin Corp.

FAQ

How much additional hashrate did American Bitcoin (ABTC) add with the March 2026 purchase?

American Bitcoin added approximately 3.05 EH/s of owned hashrate with the 11,298 miners purchase. According to the company, this raises owned capacity to ~28.1 EH/s across 89,242 miners at an average efficiency of ~16.0 J/TH.

When will the new ABTC miners be delivered and deployed at Drumheller?

The company expects delivery and deployment in March 2026 at the Drumheller site. According to the company, machines are scheduled for deployment and will be energized as site and logistics permit.

What operational hashrate will ABTC have after energizing the new miners?

Upon energization, ABTC projects an operational fleet of ~25.0 EH/s from 58,999 miners. According to the company, some owned units may remain non-operational until deployed and energized at operating sites.

What efficiency improvement comes from the 11,298 miners bought by ABTC?

The incremental miners add capacity at ~13.5 J/TH, contributing to an average fleet efficiency of ~16.0 J/TH. According to the company, the purchase targets higher-efficiency hardware to lower structural mining costs.

How did American Bitcoin perform on mining cost relative to spot in Q4 2025 (ABTC)?

American Bitcoin reported mining Bitcoin at a 53% discount to spot in Q4 2025. According to the company, this reflects its focus on accumulating Bitcoin at a structurally advantaged cost basis.