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American Bitcoin Activates 11,298 Miners, Lifting Owned Hashrate to 28.1 EH/s

The buildout signals a bet on holding self-mined Bitcoin over pivoting to AI data centers.

Overview

  • The company, which announced the Drumheller activation Wednesday, brought 11,298 rigs online adding 3.05 EH/s and lifting the stock about 12% to $1.38.
  • Owned capacity now totals about 28.1 EH/s across 89,242 miners, with roughly 25.0 EH/s live across nearly 59,000 machines.
  • The new hardware runs at about 13.5 joules per terahash, improving average energy use to roughly 14.1 J/TH for active rigs and 16.0 J/TH for the full fleet.
  • American Bitcoin says it is building value by holding coins it mines, and its treasury stands near 7,000 BTC.
  • With the March expansion complete, management says it will focus on optimizing output from the enlarged fleet, and investors will look to early‑May Q1 results for production and cost‑per‑coin updates.