The company announced the purchase of 11,298 Bitcoin miners, adding approximately 3.05 exahash per second (EH/s) of mining capacity at an efficiency of 13.5 joules per terahash (J/TH).
With this acquisition, the company's total fleet will grow to 89,242 miners, representing 28.1 EH/s of owned capacity at an average efficiency of 16.0 J/TH. The new machines are expected to be delivered and deployed this month at the company's site in Drumheller, Alberta, Canada.
Bitcoin mining refers to the process of solving complex, computationally intensive equations to secure the blockchain network, thus potentially earning valuable, newly minted Bitcoin as a reward. Miners are typically large operations run via warehouses in places where energy is affordable, thus boosting profitability.
"Every decision we make is oriented around maximizing Bitcoin accumulation," said American Bitcoin President Matt Prusak, in a statement. "That's the discipline our shareholders should expect from us."
American Bitcoin said it mined Bitcoin at a 53% discount to spot prices in Q4 2025—a period during which the leading cryptocurrency set a new all-time high mark above $126,000, in early October. However, Bitcoin has fallen substantially since, recently trading hands around $66,736. Falling prices pose a significant challenge to miners.
American Bitcoin (ABTC) stock is down almost 6% on Tuesday at a recent price below $0.96 amid a broader stock rout tied to uncertainty around the growing Iran conflict, which President Trump initiated early Saturday alongside Israel. ABTC has fallen nearly 29% over the last month.
