This advancement significantly improves the company’s ability to acquire Bitcoin at prices below market value, giving them a competitive edge over investment strategies that only involve purchasing Bitcoin.
MIAMI, Sept. 4, 2025 /PRNewswire/ — American Bitcoin Corp. (Nasdaq: ABTC) (“American Bitcoin” or the “Company”), a leading platform dedicated to expanding America’s Bitcoin infrastructure, has successfully integrated and activated approximately 14 exahash per second (EH/s) of hashing power. This encompasses about 16,300 ASIC servers. This upgrade boosts American Bitcoin‘s total operational hashrate from around 10 EH/s to roughly 24 EH/s, with an average energy efficiency of approximately 16.4 joules per terahash (J/TH) as of September 1, 2025.
American Bitcoin ASIC servers are designed with direct-to-chip liquid cooling, housed in a rack-based system, and operate at densities of up to 180 kilowatts per rack.
Featuring advanced ASIC computing infrastructure, the 205-megawatt Vega data center is managed by Hut 8, the exclusive infrastructure provider for American Bitcoin.
“We are diligently pursuing a unique, two-pronged strategy to increase Bitcoin-per-share value,” stated Asher Genoot, Executive Chairman of American Bitcoin. “Mining is central to our approach, allowing us to produce Bitcoin at a significantly lower cost than purchasing it on the open market. With this expansion, our installed hashrate has increased 2.4 times since our initial launch, reaching approximately 24 exahash per second, thereby enhancing our capacity to accumulate Bitcoin efficiently.”
“In the second quarter of 2025, our cost of revenue for each Bitcoin mined was about 50% of the revenue generated per Bitcoin mined,” Genoot added. “As we continue to expand this cost-effective production system and integrate it with strategic accumulation methods, we are strengthening our structural cost advantage compared to simple Bitcoin buying strategies. This positions American Bitcoin to deliver exceptional long-term growth in Bitcoin-per-share value.”
Leading-Edge Mining Technology
Priority access to the latest ASIC computing technologies is integral to American Bitcoin‘s strategy and crucial for maintaining a significant cost advantage. By utilizing some of the most energy-efficient and powerful miners available, the Company intends to maximize the amount of Bitcoin produced relative to both power consumption and infrastructure investment.
These miners are housed at the 205-megawatt Vega data center, which is developed and operated by Hut 8 Corp. (Nasdaq, TSX: HUT). Hut 8 is an integrated energy infrastructure company and the exclusive infrastructure provider for American Bitcoin. The data center employs advanced ASIC architecture, featuring direct-to-chip liquid cooling for ASIC servers in a rack-based format, which supports high-density deployments of up to 180 kW per rack.
About American Bitcoin
American Bitcoin Corp., primarily owned by Hut 8 Corp., operates as a Bitcoin accumulation platform focused on developing America’s Bitcoin infrastructure. The Company provides institutional investors with exposure to Bitcoin through an innovative business model that combines large-scale self-mining operations with strategic accumulation techniques. For further details, please visit abtc.com and follow @AmericanBTC on X.
Important Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements are subject to inherent risks and uncertainties. Examples of such forward-looking statements include, but are not limited to, statements about the Company’s ability to accumulate Bitcoin at favorable rates, maintain a cost advantage over simple purchase strategies, implement its growth strategies, expand its operations, and maximize Bitcoin production efficiency.
These statements are not guarantees of future performance but reflect management’s current expectations based on certain assumptions. Actual results may differ significantly due to various known and unknown risks, uncertainties, and other factors. These include: fluctuations in the price of Bitcoin, difficulties in increasing hashrate, the purchase of miners, competitive pressures, the development and adoption of the Bitcoin network, reliance on third-party services, the impact of Bitcoin halving events, dependence on Hut 8, access to capital, system failures, changes in leasing agreements, operational hazards, power requirements, geopolitical events, cybersecurity threats, internet disruptions, dependence on key personnel, the rapidly evolving technological landscape, facility planning, international operations, regulatory uncertainties, climate-related risks, legal proceedings, stock price volatility, and the Company’s capital structure. Further information about potential factors that could affect the Company’s performance can be found in its filings with the Securities and Exchange Commission (SEC), including the Annual Report on Form 10-K, the proxy statement/prospectus, and other periodic reports.
SOURCE American Bitcoin