The mining company American Bitcoin, a subsidiary of Hut 8, has acquired 11,298 ASIC miners for its data center in Drumheller, Canada. The equipment is set to be delivered and operational by March.
American Bitcoin adds an additional 11,298 ASICs to its fleet representing ~3.05 EH/s at ~13.5 J/TH.
— American Bitcoin (@ABTC) March 3, 2026
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
The introduction of new capabilities marks a full return to operations at the site in the Canadian province, which had suspended activities in March 2024 due to high electricity costs and voltage issues in the local power grid.
Efficient miners were relocated to another facility, outdated equipment was retired, and the data center was kept as a low-cost backup option in case market conditions improved.
In January of this year, local publication Drumheller Online reported the presence of construction equipment at the site. This announcement confirms that the facility is resuming operations specifically for Bitcoin mining, opting against 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. After installation, the total hashrate of American Bitcoin will rise to 28.1 EH/s, with the equipment fleet reaching 89,242 units.
According to a press release, the company's strategy focuses on mining Bitcoin below market value and holding it for the long term. In the fourth quarter of 2025, the company's mining cost was 53% lower than the asset's spot price.
American Bitcoin's President, Matt Prusak, stated that all management decisions are aimed at maximizing cryptocurrency accumulation.
Co-founder Eric Trump emphasized the importance of expanding operations in the U.S., stating that it will help protect the network and maintain the country's leadership in the industry.
The company has not disclosed the manufacturer or seller of the equipment, the deal's cost, or its funding sources. Journalists from TheEnergyMag speculated that the reported specifications suggest the model is the Bitmain S21 XP, one of the most efficient on the market.
As of this writing, American Bitcoin ranks among the top ten industry players, holding the eighth position in the global ranking of public mining companies.
Before the new machines are launched, the current operational hashrate of the facility is estimated at 21.9 EH/s, with a capacity of 25 EH/s. This allows the company to maintain 2.06% of the total global network computing power.
Changes in MARA Holdings' Financial Policy
MARA Holdings, the largest public Bitcoin miner by asset holdings, has expanded its treasury strategy for 2026 to include the option of selling accumulated Bitcoin reserves.
This policy revision marks a departure from the company's historical approach, which involved holding mined cryptocurrency 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 while also buying or selling them periodically based on market conditions and our capital allocation priorities,” said MARA representatives.
According to the document, MARA's strategy encompasses several areas: treasury reserves, credit agreements, trading operations, and secured loans.
As of December 31, 2025, approximately 28% of the 53,822 BTC owned by the company were utilized in investment processes. This included 9,377 BTC loaned to counterparties and 5,938 BTC pledged as collateral for credit lines totaling $350 million. The Bitcoins issued as loans generated interest income of $32.1 million for the company.
It is worth noting that in February, MARA reported a loss of $1.7 billion and announced plans to shift its focus towards artificial intelligence.