SKN | American Bitcoin Adds 11,298 Miners, Lifts Hashrate by 3 EH/s

Key Points

• American Bitcoin acquired 11,298 new ASIC miners, adding roughly 3.05 EH/s in computing power.
• Total fleet capacity rises to about 28.1 EH/s across 89,242 machines.
• The company continues to build a large Bitcoin treasury, increasing exposure to price volatility.

Fleet Expansion in Alberta

American Bitcoin, backed by the Trump family and led by Eric Trump, announced the acquisition of 11,298 new application-specific integrated circuit (ASIC) mining machines.

The hardware is expected to add approximately 3.05 exahashes per second (EH/s) to operations once deployed at the company’s Drumheller, Alberta site this month.

Following the expansion, American Bitcoin’s fleet will total 89,242 miners, representing around 28.1 EH/s of owned capacity. The new machines operate at roughly 13.5 joules per terahash, a key efficiency metric in an industry where electricity costs heavily influence margins.

Competitive Hashrate Landscape

The increase modestly boosts American Bitcoin’s share of the global Bitcoin network hashrate, improving its probability of earning block rewards.

However, greater computing power does not guarantee higher revenue. Mining profitability remains sensitive to bitcoin’s market price, network difficulty and energy expenses.

According to CoinWarz, network difficulty currently stands at 144.40 trillion hashes, reflecting sustained competition among large-scale miners.

Shares of American Bitcoin were little changed after the announcement before drifting lower alongside broader equity market weakness.

Bitcoin Treasury Strategy

Beyond mining, American Bitcoin has embraced a Bitcoin-heavy treasury approach. The company reportedly holds more than 6,000 BTC on its balance sheet, joining a growing cohort of miners that retain a substantial portion of production rather than selling immediately.

This strategy can magnify gains during price rallies, strengthening equity value. But it also increases exposure to volatility.

In the fourth quarter, the company posted a $59 million net loss, largely driven by a $227 million non-cash mark-to-market adjustment tied to bitcoin’s price decline. While such adjustments do not represent realized losses, they can significantly impact reported earnings.

Balancing Growth and Risk

The fleet expansion underscores American Bitcoin’s push to scale operations amid intensifying competition and volatile crypto markets.

Yet the combination of aggressive hashrate growth and a sizable bitcoin treasury means the company’s financial performance remains closely tied to market swings — offering both upside potential and heightened risk.