American Bitcoin (NASDAQ:ABTC) purchased 11,298 ASIC miners adding 3.05 exahash per second to expand owned capacity by 12% to 28.1 EH/s, but the stock plunged 7%, breaking below the critical $1 psychological level.
The 12% Capacity Expansion
The new machines are more efficient at 13.5 joules per terahash compared to the fleet average of 16 J/TH. Lower joule ratings mean less electricity cost per Bitcoin mined.
The equipment will be deployed in March 2026 at the Drumheller site in Alberta.
Once operational, the company will run 58,999 miners at roughly 25 EH/s. The difference between owned capacity (28.1 EH/s) and operational capacity (25 EH/s) exists because some machines are not yet energized or deployed at active sites.
For context, the largest public Bitcoin (CRYPTO: BTC) miners currently operate around 50 EH/s, making American Bitcoin roughly half …