American Bitcoin Expands Bitcoin Mining Operations by 2.4x from ~10 EH/s to ~24 EH/s

Core Viewpoint - American Bitcoin Corp. has significantly increased its Bitcoin mining capacity, enhancing its ability to accumulate Bitcoin at a structural discount compared to market prices, thereby reinforcing its cost advantage over purchase-only treasury vehicles [1][4]. Group 1: Company Expansion and Capacity - The company has acquired approximately 14 exahash-per-second (EH/s) of installed hashrate, raising its total from around 10 EH/s to approximately 24 EH/s, with an average fleet efficiency of about 16.4 joules per terahash (J/TH) as of September 1, 2025 [1]. - The new miners are deployed at the 205-megawatt Vega data center, developed and operated by Hut 8, which features next-generation ASIC architecture and direct-to-chip liquid cooling [2][6]. Group 2: Cost Efficiency and Strategy - The company reported that in Q2 2025, its cost of revenue per Bitcoin mined was approximately 50% of its revenue per Bitcoin mined, indicating a strong cost efficiency in its mining operations [4]. - The dual strategy of mining and disciplined accumulation is aimed at producing Bitcoin at scale for significantly less than market prices, positioning the company for superior long-term Bitcoin-per-share growth [4][5]. Group 3: Infrastructure and Technology - American Bitcoin's strategy includes preferential access to next-generation ASIC compute infrastructure, which is central to maintaining a structural cost advantage [5]. - The deployment of high-density ASIC servers at the Vega data center supports the company's goal of maximizing Bitcoin production per unit of power and per dollar of infrastructure investment [6].