The deployment fulfills expansion plans the company first announced on March 3. With the Drumheller activation complete, American Bitcoin's owned fleet operates at an average efficiency of 16.0 J/TH.
"Scaling hash rate 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 Drumheller expansion advances American Bitcoin's core strategy of accumulating Bitcoin through self-mining at below-market costs. The company said it mined Bitcoin at a 53% discount to spot prices in the fourth quarter of 2025. This mining-focused approach has built American Bitcoin's treasury to over 7,000 BTC, valued at approximately $552 million.
“This deployment reflects our operating model in practice, turning execution and efficiency gains into lower-cost Bitcoin accumulation for shareholders,” said American Bitcoin President Matt Prusak, in a statement.
American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., operates as a Bitcoin accumulation platform building what it calls America's Bitcoin infrastructure through scaled self-mining.
