The mining firm American Bitcoin, a subsidiary of Hut 8, has acquired 11,298 ASIC miners for its data center in Drumheller, Canada. The equipment is scheduled for delivery and activation in March.
American Bitcoin adds an additional 11,298 ASICs to its fleet representing ~3.05 EH/s at ~13.5 J/TH.
Upon anticipated deployment in March 2026, the Company’s total owned fleet is expected to reach ~89,242 miners representing ~28.1 EH/s of owned capacity at an average efficiency… pic.twitter.com/Sz7ddKMgXI
— American Bitcoin (@ABTC) March 3, 2026
The deployment of new capacities marks the full return to operation of the site in the Canadian province, whose activities were suspended in March 2024 due to high electricity costs and voltage issues in the local power grid.
Efficient miners were relocated to another facility, outdated machines were decommissioned, and the data center was maintained as a low-cost backup option in case of improved market conditions.
In January of this year, the local publication Drumheller Online reported the appearance of construction equipment on the premises. The announcement confirms that the facility is resuming operations specifically for bitcoin mining, foregoing the popular trend among competitors to repurpose for high-performance data centers.
American Bitcoin’s Strategy and Market Position
The new devices will increase American Bitcoin’s computing power by 3.05 EH/s, with an energy efficiency of 13.5 J/TH. Once installed, American Bitcoin’s total hashrate will rise to 28.1 EH/s, with a fleet of 89,242 units.
According to a press release, the firm’s strategy focuses on mining bitcoin below market cost and holding it. In the fourth quarter of 2025, the company’s mining cost was 53% lower than the asset’s spot price.
American Bitcoin President Matt Prusak stated that all management decisions are aimed at maximizing cryptocurrency accumulation.
Co-founder Eric Trump emphasized the importance of expanding capacities in the United States, noting that it will help protect the network and maintain the country’s leadership in the industry.
The company does not disclose the manufacturer and seller of the equipment, the deal’s cost, or its financing sources. Journalists from TheEnergyMag suggested that the stated device characteristics point to the Bitmain S21 XP model, one of the most efficient on the market.
At the time of writing, American Bitcoin ranks eighth among the top ten industry players in the global ranking of public mining companies.
Before the launch of the new machines, the company’s operational hashrate is estimated at 21.9 EH/s, with an installed capacity of 25 EH/s. This allows the company to maintain 2.06% of the global network’s computing power.
Changes in MARA Holdings’ Financial Policy
MARA Holdings, the largest public bitcoin miner by held assets, expanded its treasury strategy for 2026 to include the potential sale of accumulated bitcoin reserves.
The policy revision marks a departure from the company’s historical approach, where mined cryptocurrency was held solely as a long-term investment.
“In the second half of 2025, we changed our strategy. […] Accordingly, we can hold bitcoins for long-term investments and also periodically buy or sell them depending on market conditions and our capital allocation priorities,” MARA representatives noted.
According to the document, MARA’s strategy covers several areas: treasury reserves, credit agreements, trading operations, and collateralized loans.
As of December 31, 2025, about 28% of the 53,822 BTC owned by the company were engaged in investment processes. This included 9,377 BTC loaned to counterparties and 5,938 BTC pledged to secure credit lines totaling $350 million. The bitcoins issued as loans generated $32.1 million in interest income for the company.
In February, MARA reported losses of $1.7 billion and announced plans to shift focus to artificial intelligence.