American Bitcoin Adds 11,298 Rigs, Lifts Hashrate and Stock 12%

• American Bitcoin adds 11,300 rigs; stock rises 12% as mining capacity expands fast.
• ABTC’s fleet reaches 89,242 ASICs, adding 3.05 EH/s at 13.5 J/TH efficiency levels
• American Bitcoin mined BTC at 53% discount, supporting a low-cost accumulation strategy

American Bitcoin confirmed a major fleet expansion at its Drumheller site, adding nearly 11,300 mining rigs. The update lifted its stock about 12% to $1.39, reflecting investor response to increased capacity and operational scale growth.

The company stated that all new machines are active at its Alberta facility. Total ASIC units now stand near 89,242. The deployment added 3.05 exahash per second (EH/s) to its hashrate, operating at 13.5 joules per terahash (J/TH).

American Bitcoin Scales Low-Cost Mining

American Bitcoin said the efficiency level reduces the electricity cost per coin. This supports profitability as network difficulty rises. The firm added that scaling hashrate remains central to its long-term mining position.

Eric Trump, co-founder and chief strategy officer, said the Drumheller deployment reflects a disciplined capital approach. He stated that the firm aims to expand Bitcoin exposure at an institutional scale through fast execution and infrastructure growth.

The company noted that the new rigs complete a fleet expansion first announced on March 3, 2026. This confirms continued focus on mining operations, while some industry players redirect capital toward artificial intelligence infrastructure.

American Bitcoin reiterated its strategy of accumulating Bitcoin through self-mining. It reported mining at a 53% discount to spot prices in the fourth quarter of 2025. This cost advantage supports treasury growth through internal production.

The firm raised its Bitcoin holdings to 6,899 by March 18, making it the 16th-largest holder. By March 30, reserves had climbed to 7,000 BTC, moving past holdings associated with Galaxy Digital.

Bitcoin Supply Crunch Tightens Mining Outlook

Bitcoin’s total supply is capped at 21 million coins. More than 20 million BTC have already been mined, leaving just under 1 million still to be released. The remaining supply would enter circulation at a slower pace through programmed halvings.

The next Bitcoin halving is scheduled for April 2028. It would reduce block rewards from 3.125 BTC to 1.5625 BTC. This event is expected to tighten new supply further and increase reliance on operational efficiency.

American Bitcoin’s expansion may position it ahead of this shift. An increased hashrate and lower production costs could help offset reduced rewards. The move aligns with industry trends focused on scale, efficiency, and long-term accumulation strategies.

Related: American Bitcoin Corp Climbs Into Top 20 Corporate Bitcoin Holders