American Bitcoin Corp. activated approximately 11,298 new mining machines at its Drumheller facility in Alberta, Canada, increasing its total owned hashrate to 28.1 exahashes per second (EH/s). The stock (ABTC) jumped more than 10 percent on the news.
"Scaling hashrate is one of the ways we strengthen our position in Bitcoin," said Eric Trump, co-founder and Chief Strategy Officer at American Bitcoin, in a statement. "Bringing these miners online at Drumheller reflects exactly how we intend to lead: moving quickly, allocating capital with discipline, and growing our Bitcoin exposure efficiently at institutional scale."
The deployment adds about 3.05 EH/s of computing power from machines operating at an efficiency of 13.5 joules per terahash (J/TH). This expansion, first announced on March 3, brings the company’s total owned fleet to 89,242 miners with an average efficiency of 16.0 J/TH.
The expansion reinforces American Bitcoin's core strategy of accumulating Bitcoin through self-mining at costs below spot market prices. The company, a majority-owned subsidiary of Hut 8 Corp., reported mining Bitcoin at a 53 percent discount to spot prices in the fourth quarter of 2025. This approach has grown its treasury to over 7,000 BTC, worth approximately $552 million as of Wednesday.
The move to expand its mining fleet comes as some competitors in the sector have begun to pivot capital and infrastructure toward artificial intelligence data centers. American Bitcoin's focused execution on mining has been received positively by investors, with ABTC shares rising about 49 percent over the last month.
The rally is supported by both the operational growth and a broader increase in the price of Bitcoin, which has climbed above $79,000. The company’s strategy centers on scaling its Bitcoin holdings per share by combining efficient hardware with optimized energy costs, a model designed to generate long-term value for shareholders.
This article is for informational purposes only and does not constitute investment advice.
