American Bitcoin Expands Mining Operations by 140% to 24 Exahash Per Second

American Bitcoin Corp has expanded its Bitcoin mining operations by 140%, increasing its installed hashrate from approximately 10 exahash-per-second to 24 EH/s through the acquisition and energisation of 14 EH/s across roughly 16,300 ASIC servers.
 

The Nasdaq-listed Bitcoin accumulation platform achieved an average fleet efficiency of 16.4 joules per terahash as of 1st September 2025, positioning the company to produce Bitcoin at what it describes as significantly below market prices.

“We are rapidly executing on a differentiated dual strategy to build Bitcoin-per-share. Mining is the foundation of this strategy because it enables us to produce Bitcoin at scale for significantly less than market prices. With this expansion, our installed hashrate has grown by 2.4x since launch to approximately 24 exahash per second, strengthening our ability to accumulate Bitcoin efficiently.”

– Asher Genoot, Executive Chairman of American Bitcoin
 

The expansion forms part of American Bitcoin's strategy to maintain cost advantages over Bitcoin treasury vehicles that rely solely on market purchases. In the second quarter of 2025, the company's cost of revenue per Bitcoin mined represented approximately 50% of its revenue per Bitcoin mined.
 

The newly acquired miners operate at the 205-megawatt Vega data centre, developed and operated by Hut 8 Corp, which serves as American Bitcoin's exclusive infrastructure provider. The facility features next-generation ASIC architecture with direct-to-chip liquid-cooled ASIC servers in a rack-based configuration supporting high-density deployments of up to 180 kW per rack.
 

American Bitcoin positions itself as a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone, emphasising preferential access to next-generation ASIC compute infrastructure as central to maintaining its structural cost advantage.