American Bitcoin Corp. has announced a major expansion of its Bitcoin mining operations, adding 11,298 new miners that will increase the company’s total owned capacity by roughly 3.05 exahash per second (EH/s).
This move raises the company’s total mining fleet to approximately 28.1 EH/s across 89,242 miners, with an average efficiency of 16 joules per terahash (J/TH).
The new machines, operating at ~13.5 J/TH, are expected to be delivered and deployed at the Drumheller site in March 2026, the company said. Once energized, the operational fleet will consist of 58,999 miners running at an estimated 25 EH/s with an efficiency of ~14.1 J/TH.
American Bitcoin’s strategy centers on acquiring Bitcoin at a cost below market prices while deploying high-efficiency hardware to maintain a structural advantage.
The company ended last year with 5,401 bitcoin and has since increased that figure to more than 6,000 BTC, according to a statement from co-founder Eric Trump.
By scaling operations with energy-optimized miners, the company said they want to maximize Bitcoin accumulation and strengthen its position as a long-term Bitcoin holder.
Executives emphasized that fleet expansion is part of a broader goal to grow an American-owned and professionally operated hashrate, securing both the network and the company’s accumulation objectives.
“Every decision we make is oriented around maximizing Bitcoin accumulation,” said Matt Prusak, President of American Bitcoin.
“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.”
ABTC shares fighting for $1
American Bitcoin’s stock has been going through volatility since its September 2025 Nasdaq debut. Initially trading with strong momentum following the merger and listing, ABTC rallied on early accumulation and Bitcoin‑related optimism.
Over time, however, the price has slid sharply, with shares down roughly 80–90 % from highs as the market reevaluated crypto‑linked equities amid broader digital‑asset sell‑offs and quarterly losses.
Performance swings have been tied closely to Bitcoin’s price action and the company’s own operational headlines. As Bitcoin pulled back from late‑2025 highs, ABTC’s stock faced increased selling pressure.
At the time of writing, ABTC shares are under $1 a share, near $0.987 a share. Bitcoin is trading near $67,000 after briefly touching $70,000 yesterday.