American Bitcoin Expands Bitcoin Mining Operations by 2.4x from ~10 EH/s to ~24 EH/s
American Bitcoin (NASDAQ:ABTC) has significantly expanded its Bitcoin mining operations by acquiring and energizing ~14 EH/s of installed hashrate across ~16,300 ASIC servers. This expansion increases the company's total installed hashrate from ~10 EH/s to ~24 EH/s, representing a 2.4x growth.
The company's mining fleet maintains an average efficiency of ~16.4 J/TH as of September 1, 2025. In Q2 2025, ABTC's cost of revenue per Bitcoin mined was approximately 50% of revenue per Bitcoin mined, demonstrating significant operational efficiency. The new miners are deployed at the 205-megawatt Vega data center, operated by Hut 8 Corp., featuring direct-to-chip liquid-cooled ASIC servers supporting up to 180 kW per rack.
American Bitcoin (NASDAQ:ABTC) ha ampliato significativamente le sue operazioni di mining di Bitcoin acquisendo e mettendo in funzione ~14 EH/s di hashrate installato distribuito su ~16.300 server ASIC. Questo aumento porta l鈥檋ashrate totale installato della societ脿 da ~10 EH/s a ~24 EH/s, pari a una crescita di 2,4x.
Il parco macchine mantiene un鈥檈fficienza media di ~16,4 J/TH al 1掳 settembre 2025. Nel secondo trimestre 2025, il costo del fatturato per Bitcoin minato 猫 stato di circa il 50% del ricavo per Bitcoin minato, evidenziando una forte efficienza operativa. I nuovi miner sono stati installati nel data center Vega da 205 megawatt, gestito da Hut 8 Corp., con server ASIC raffreddati a liquido a livello di chip e supporto fino a 180 kW per rack.
American Bitcoin (NASDAQ:ABTC) ha ampliado significativamente sus operaciones de miner铆a de Bitcoin al adquirir y activar ~14 EH/s de hashrate instalado en ~16.300 servidores ASIC. Esta expansi贸n eleva el hashrate total instalado de la compa帽铆a de ~10 EH/s a ~24 EH/s, lo que equivale a un crecimiento de 2,4x.
La flota de miner铆a mantiene una eficiencia promedio de ~16,4 J/TH al 1 de septiembre de 2025. En el segundo trimestre de 2025, el costo de ingresos por Bitcoin minado fue aproximadamente el 50% del ingreso por Bitcoin minado, demostrando una importante eficiencia operativa. Los nuevos equipos se desplegaron en el centro de datos Vega de 205 megavatios, operado por Hut 8 Corp., con servidores ASIC refrigerados por l铆quido a nivel de chip y capacidad de hasta 180 kW por rack.
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American Bitcoin (NASDAQ:ABTC) a consid茅rablement 茅tendu ses op茅rations de minage de Bitcoin en acqu茅rant et en mettant en service ~14 EH/s de hashrate install茅 r茅partis sur ~16鈥�300 serveurs ASIC. Cette expansion porte la hashrate totale install茅e de la soci茅t茅 de ~10 EH/s 脿 ~24 EH/s, soit une croissance de 2,4x.
La flotte de minage affiche une efficacit茅 moyenne de ~16,4 J/TH au 1er septembre 2025. Au deuxi猫me trimestre 2025, le co没t des revenus par Bitcoin min茅 repr茅sentait environ 50% du revenu par Bitcoin min茅, t茅moignant d鈥檜ne forte efficacit茅 op茅rationnelle. Les nouveaux mineurs sont d茅ploy茅s dans le centre de donn茅es Vega de 205 m茅gawatts, exploit茅 par Hut 8 Corp., avec des serveurs ASIC refroidis par liquide au niveau du puce et un soutien jusqu鈥櫭� 180 kW par rack.
American Bitcoin (NASDAQ:ABTC) hat seine Bitcoin-Mining-Aktivit盲ten deutlich ausgeweitet und ~14 EH/s installierte Hashrate 眉ber ~16.300 ASIC-Server erworben und in Betrieb genommen. Dadurch steigt die gesamte installierte Hashrate des Unternehmens von ~10 EH/s auf ~24 EH/s, was einem 2,4-fachen Wachstum entspricht.
Der Mining-Fuhrpark weist zum 1. September 2025 eine durchschnittliche Effizienz von ~16,4 J/TH auf. Im zweiten Quartal 2025 lagen ABTCs Kosten der Umsatzerl枚se pro gesch眉rftem Bitcoin bei etwa 50% des Erl枚ses pro gesch眉rftem Bitcoin, was die operative Effizienz unterstreicht. Die neuen Miner wurden im von Hut 8 Corp. betriebenen 205-Megawatt-Vega-Rechenzentrum eingesetzt, das direkt an den Chip gek眉hlte Fl眉ssigkeitsk眉hl-ASIC-Server mit bis zu 180 kW pro Rack unterst眉tzt.
- Significant 2.4x growth in installed hashrate from 10 EH/s to 24 EH/s
- Highly efficient mining operations with costs at 50% of revenue per Bitcoin mined
- Advanced infrastructure with liquid-cooled ASIC servers supporting high-density deployments
- Strategic partnership with Hut 8 Corp. providing access to 205-megawatt data center
- High capital expenditure required for mining equipment acquisition
- Operational success heavily dependent on Bitcoin price movements
- Significant energy consumption requirements for expanded operations
Insights
ABTC's 2.4x mining expansion to 24 EH/s significantly improves Bitcoin production efficiency, creating structural advantage over purchase-only approaches.
American Bitcoin's substantial expansion from ~10 EH/s to ~24 EH/s represents a strategic scaling of their production capacity that strengthens their competitive position in the Bitcoin mining sector. This 140% increase in hashrate is particularly significant as it allows ABTC to mine Bitcoin at approximately half the market cost, with Q2 2025 cost of revenue per Bitcoin at roughly 50% of revenue per Bitcoin mined.
The deployment of ~16,300 ASIC servers with an impressive fleet efficiency of ~16.4 J/TH demonstrates ABTC's commitment to technological excellence. This efficiency metric is crucial - lower J/TH ratings translate directly to reduced electricity costs per Bitcoin mined, which is the primary operational expense in mining operations.
What's particularly noteworthy is the company's infrastructure implementation. By utilizing the 205-megawatt Vega data center with direct-to-chip liquid cooling, ABTC is employing advanced thermal management technology that typically allows for higher hashrates, extended equipment lifespan, and improved density (up to 180 kW per rack). This cooling approach typically reduces operational costs by 15-30% compared to traditional air cooling while enabling greater computational density.
The partnership with Hut 8 as their exclusive infrastructure provider creates a specialized operational foundation that allows ABTC to focus on their dual strategy of Bitcoin mining and accumulation without the capital burden of developing proprietary infrastructure. This capital-efficient approach positions them uniquely against both pure-play miners and purchase-only Bitcoin treasury vehicles, creating a structural advantage in Bitcoin-per-share accumulation that should compound over time.
Enhances ability to accumulate Bitcoin at a structural discount to market, reinforcing cost advantage over purchase-only treasury vehicles
"We are rapidly executing on a differentiated dual strategy to build Bitcoin-per-share," said Asher Genoot, Executive Chairman of American Bitcoin. "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."
"In Q2 2025, our cost of revenue per Bitcoin mined was approximately
Flagship Mining Technology
Preferential access to next-generation ASIC compute infrastructure is embedded into American Bitcoin's strategy and central to American Bitcoin's ability to maintain a structural cost advantage. By deploying some of the most efficient and highest-performing miners available, the Company aims to maximize Bitcoin produced per unit of power and per dollar of infrastructure investment.
The purchased miners are deployed at the 205-megawatt Vega data center developed and operated by Hut 8 Corp. (Nasdaq, TSX: HUT), an integrated energy infrastructure platform and American Bitcoin's exclusive infrastructure provider. The data center features next-generation ASIC architecture with direct-to-chip liquid-cooled ASIC servers in a rack-based form factor that can support high-density deployments of up to 180 kW per rack.
About American听Bitcoin
American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., is a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure platform. The Company delivers institutional-grade exposure to Bitcoin through an industry-first business model that integrates scaled self-mining operations with disciplined accumulation strategies. For more information, visit abtc.com and follow the Company on X at @AmericanBTC.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section听27A of the Securities Act of 1933, as amended (the "Securities Act"), and Rule听175 promulgated thereunder, and Section听21E of the Securities Exchange Act of 1934, as amended, and Rule听3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements, include, but are not limited to, statements relating to the Company's ability to accumulate Bitcoin at a structural discount; its ability to maintain its cost advantage over purchase-only treasury vehicles by mining Bitcoin at a cost significantly less than market prices; its ability to execute on its differentiated strategy to build Bitcoin-per-share, including in the long-term; its ability to continue to scale; and its aim to maximize Bitcoin produced per unit of power and per dollar of infrastructure investment.
Forward-looking statements are not statements of historical fact, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by the Company as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the price of Bitcoin and concentration of Bitcoin holdings; failure to grow hashrate; the purchase of miners; competition from other methods of investing in Bitcoin; uncertainty in the development and acceptance of the Bitcoin network; reliance on third-party mining pool service providers; hedging transactions; Bitcoin halving events; failure to realize the anticipated benefits of the merger transactions; dependence on Hut 8; liquidity constraints and failure to raise additional capital; failure of critical systems; competition from current and future competitors; changes in leasing arrangements; hazards and operational risks; electrical power requirements; geopolitical, social, economic, and other events and circumstances; cybersecurity threats and breaches; Internet-related disruptions; dependence on key personnel; having a limited operating history; rapidly changing technology; predicting facility requirements; acquisitions, strategic alliances or joint ventures; operating and expanding internationally; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; stock price volatility; the Company's multi-class capital structure and status as a controlled company; and other factors that may affect the future business, results, financial position and prospects of the Company. Additional factors that could cause results to differ materially from those described above can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, the proxy statement/prospectus filed by the Company with the
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