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American Bitcoin grew its BTC treasury to about 6,500 coins worth roughly $470 million, adding 500+ BTC in 21 days, while deploying 11,298 new ASIC miners. The American Bitcoin grew its BTC treasury to about 6,500 coins worth roughly $470 million, adding 500+ BTC in 21 days, while deploying 11,298 new ASIC miners. The

Trump-Linked Miner American Bitcoin Boosts Treasury to 6,500 BTC

Author: Cryptonews AU

Source: Cryptonews AU

2026/03/06 13:09

3 min read

BTC$68,166.22-4.39%

TRUMP$3.139-2.66%

21$0.0006194-10.14%

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American Bitcoin’s corporate treasury reached about 6,500 BTC, after adding more than 500 BTC over the past three weeks.
The company ordered 11,298 new ASIC miners rated at 13.5 joules per terahash, lifting its total owned fleet to 89,242 machines and targeting 28.1 EH/s of combined hashrate once the new rigs are deployed at its Drumheller, Alberta, facility in March.
American Bitcoin’s stock fell as much as 7% following the announcement, despite the treasury milestone.

American Bitcoin, the Trump-linked mining company backed by Hut 8 and Eric Trump’s American Data Centers venture, has increased its Bitcoin (BTC) treasury to about 6,500 BTC, worth roughly US$470 million (AU$719 million), after adding more than 500 BTC over the past 21 days.

The company also deployed 11,298 new ASIC miners, lifting its owned hashrate to 28.1 exahashes per second, or about 0.3% of the global Bitcoin network. The new machines add 3.05 EH/s of capacity and are being installed this month at the firm’s Drumheller, Alberta, site.

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Over 500 BTC Per Year

These machines are rated at 13.5 joules per terahash, making them more efficient than the fleet’s average of 16 J/TH. The new hardware is expected to produce about 42 BTC per month, or roughly 515 BTC per year, equal to around US$2.9 million (AU$4.12 million) in monthly gross revenue at a Bitcoin price of US$68K (AU$98K).

The firm said it mined Bitcoin in the fourth quarter of 2025 at a 53% discount to spot prices, giving it a lower cost basis than buying directly in the market.

That accumulation strategy comes alongside a weak earnings result, when the company reported a full-year 2025 net loss of US$153.2 million (AU$234.4 million), mainly due to a US$227.1 million (AU$347.5 million) non-cash mark-to-market adjustment tied to Bitcoin price volatility.

Full-year revenue came in at US$185.2 million (AU$283.4 million).

American Bitcoin was formed in March 2025 as a majority-owned Hut 8 subsidiary. Eric Trump serves as co-founder and chief strategy officer.

ABTC shares fell as much as 7% after the announcement, dropping below the US$1.00 level. Seems like investors weighed the cost of expansion and Bitcoin price risk against the company’s accumulation strategy, despite the firm treating the expansion as a milestone.

Read more: Trump Pushes Banks to Strike Crypto Deal, but Analysts Say It Won’t Break CLARITY Act Deadlock

The post Trump-Linked Miner American Bitcoin Boosts Treasury to 6,500 BTC appeared first on Crypto News Australia.

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