American Bitcoin Expands Hashrate by 12% with 11,298 New ASICs – 3.05 EH/s Boost Expected in 2026
The Trump‑linked mining firm will deploy the new equipment at its Drumheller, Alberta data centre, raising its owned capacity to roughly 28 EH/s.
Drumheller, Alberta – March 3, 2026 – American Bitcoin (ticker: ABTC), the U.S.‑based miner that counts former President Donald Trump’s family among its co‑founders, announced a sizeable upgrade to its hardware inventory. The company has purchased 11,298 next‑generation application‑specific integrated circuits (ASICs), a move that will lift its owned hash‑rate by an estimated 3.05 exahash per second (EH/s) when the machines are commissioned in March 2026.
The additional ASICs represent a 12 percent increase in the firm’s total mining capacity, taking the owned fleet to 89,242 units and roughly 28.1 EH/s of theoretical output. Of those, around 59,000 miners are expected to be operational, delivering about 25 EH/s at an average efficiency of 14.1 joules per terahash (J/TH). By comparison, the most sizable publicly listed Bitcoin miners collectively run near 50 EH/s.
Efficiency Gains
The newly acquired hardware is rated at about 13.5 J/TH, a notable improvement over the company’s current average of 16 J/TH. The lower energy consumption per terahash should help American Bitcoin shave operating costs and improve the margin on each Bitcoin produced.
“As Bitcoin matures, the priority is clear: grow American‑owned, professionally operated hashrate,” said co‑founder Eric Trump. “That’s how we protect the network, drive innovation, and lead the future of Bitcoin in America.”
Strategic Bitcoin Accumulation
President Matt Prusak highlighted that the expansion aligns with ABTC’s “accumulation‑first” philosophy. The firm closed 2025 with just over 5,000 BTC on its balance sheet; the figure has already risen to more than 6,000 BTC following the latest purchases. Prusak said the company intends to continue investing in high‑efficiency hardware, optimizing energy costs and retaining flexibility to scale up or down according to market conditions.
Financial Context
American Bitcoin reported a net loss of $59.45 million for Q4 2025, a swing from a modest $3.48 million profit a year earlier. Revenue for the quarter rose to $78.3 million from $64.2 million year‑over‑year, though it fell short of analysts’ $79.6 million consensus. The loss was attributed to higher depreciation on mining equipment and elevated electricity expenses, issues that the new, more efficient ASICs aim to mitigate.
Industry Trends
The upgrade comes at a time when several large mining operators—Riot Platforms, Core Scientific, Cipher Mining and Bitdeer—are reallocating portions of their data‑centre capacity toward artificial‑intelligence workloads. By reinforcing its dedicated Bitcoin infrastructure, American Bitcoin is positioning itself as a pure‑play miner rather than a diversified data‑centre operator.
Key Takeaways
| Takeaway | Implication |
|---|---|
| +12 % capacity boost | Raises owned hash‑rate to ~28 EH/s, narrowing the gap with the world’s largest public miners. |
| Improved hardware efficiency (13.5 J/TH) | Lowers electricity cost per Bitcoin, enhancing profitability as Bitcoin’s price fluctuates. |
| Focus on BTC accumulation | More hashpower directly translates into higher on‑balance‑sheet Bitcoin holdings. |
| Financial pressure persists | Q4 2025 loss underscores the capital‑intensive nature of mining; efficiency gains are crucial for turning the bottom line positive. |
| Industry shift to AI | American Bitcoin’s pure‑play approach differentiates it from peers diversifying into AI compute. |
The deployment of the 11,298 ASICs will be a litmus test for American Bitcoin’s ability to convert added hashpower into both operational profitability and increased Bitcoin reserves. If the efficiency gains materialize as projected, the firm could improve its cost structure, potentially narrowing the performance gap with larger, diversified miners and reinforcing its claim as a flagship U.S.‑based Bitcoin operation.
Source: https://cryptopotato.com/trump-linked-american-bitcoin-adds-11298-asics-boosts-hashrate/
