Trump family-backed U.S. Bitcoin said on Tuesday it had expanded its fleet of bitcoin mining machines, increasing its processing power as competition among enormous miners intensifies.
The company has acquired 11,298 novel application-specific integrated circuit (ASIC) miners that are expected to augment the efficiency of their operations by approximately 3.05 exahash per second (EH/s) when deployed in Drumheller, Alberta.
The purchase will augment the size of American Bitcoin’s fleet to 89,242 miners, which is approximately 28.1 EH/s of its existing production capacity.
The additional machines are rated at approximately 13.5 joules per terahash, a measure of energy efficiency that can impact operating margins in an industry where electricity costs are a major expense.
The expansion increases American Bitcoin’s share of the total hashrate of the global Bitcoin network, modestly increasing the likelihood of block rewards. However, greater computing power does not automatically translate into higher revenues. Mining profitability remains dependent on the Bitcoin market price, network difficulty and energy costs.
The network difficulty is 144.40 T, which means that it is estimated that 144.40 trillion hashes are needed to find the correct block hash CoinWarz. It has remained at this level since February 19.
American Bitcoin shares were little changed after the announcement and then fell during Tuesday’s session, broadly in line with weakness in stock markets.
Related: Bitcoin mining calculations for 2026: AI changes, margin pressure and the fight for survival
A bitcoin-heavy treasury strategy carries risks
American Bitcoin, which went public last year through a reverse merger with Gryphon Digital Mining, has adopted a Bitcoin-centric corporate strategy that extends beyond mining operations.
According to the industry, in addition to expanding its hashrate, the company has accumulated over 6,000 Bitcoin (BTC) on its balance sheet data. The strategy reflects a growing trend among mining companies that, rather than immediately selling a significant portion of the Bitcoin they mine, they retain a significant portion of the Bitcoin they mine, effectively using production to build long-term exposure to the asset.
Holding enormous Bitcoin reserves can boost profits during price increases, strengthening a company’s balance sheet and potentially increasing shareholder value. However, the strategy also increases exposure to price volatility.
This risk became obvious in the fourth quarter when American Bitcoin reported a net loss of $59 million. The loss was largely due to a non-cash mark-to-market adjustment of $227 million, reflecting the decline in Bitcoin’s price during the period. Such accounting adjustments do not reflect realized losses but may have a material impact on reported profits.
Related: Bitcoin miners are chasing 30 GW of AI power to offset hash price pressure
