American Bitcoin Completes Energization of ~11,298 Additional ASICs at Drumheller Site, Adding ~3.05 EH/s to Operational Fleet

Rhea-AI Summary

American Bitcoin (Nasdaq: ABTC) completed energization of ~11,298 ASIC miners at its Drumheller site on April 22, 2026, adding ~3.05 EH/s at ~13.5 J/TH.

Following deployment, the owned fleet totals ~89,242 miners (~28.1 EH/s, avg ~16.0 J/TH) and the operational fleet totals ~58,999 miners (~25.0 EH/s, avg ~14.1 J/TH).

Positive

• Incremental hashrate of ~3.05 EH/s added
• Drumheller miners efficiency of ~13.5 J/TH
• Owned fleet now ~89,242 miners (~28.1 EH/s)
• Operational fleet now ~58,999 miners (~25.0 EH/s)

Negative

• ~30,243 owned miners are not currently operational
• Owned fleet average efficiency of ~16.0 J/TH is higher (less efficient) than energized units

News Market Reaction – ABTC

+8.06%

16 alerts

+8.06% Session close to close

+10.0% Peak in 5 hr 49 min

$1.51B Market Cap

0.4x Rel. Volume

In the Apr 22 session, ABTC gained 8.06%, reflecting a notable positive market reaction. Argus tracked a peak move of +10.0% during that session. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +8.1% in the session following this news. A strong positive reaction aligns with ABT...

Analysis

The stock moved +8.1% in the session following this news. A strong positive reaction aligns with ABTC’s clear expansion of productive capacity, adding ~3.05 EH/s and lifting the operational fleet to ~25.0 EH/s. Historically, crypto-tag news has produced mixed moves, with an average around -1.3%, so any large upside would stand out versus past patterns. Investors have also seen heavy use of capital-raising tools previously, so monitoring future financing and execution consistency around these new miners would remain important.

Key Figures

New miners energized: ≈11,298 units Incremental hashrate: ≈3.05 EH/s New miner efficiency: ≈13.5 J/TH +5 more

8 metrics

New miners energized ≈11,298 units Additional ASICs energized at Drumheller site

Incremental hashrate ≈3.05 EH/s Added to operational fleet from new Drumheller miners

New miner efficiency ≈13.5 J/TH Efficiency of newly energized Drumheller miners

Owned fleet size ≈89,242 miners Total owned miners after Drumheller energization

Owned fleet hashrate ≈28.1 EH/s Aggregate hashrate of owned fleet post-energization

Operational fleet miners ≈58,999 miners Currently operational and energized miners

Operational fleet hashrate ≈25.0 EH/s Hashrate of operational fleet after Drumheller deployment

Operational efficiency ≈14.1 J/TH Average efficiency of operational fleet post-energization

Previous Crypto Reports

5 past events · Latest: Mar 03 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 03	Mining expansion	Positive	+1.0%	Announced purchase of 11,298 ASICs adding ~3.05 EH/s at Drumheller.
Dec 16	Treasury ranking	Positive	+0.0%	Disclosed ~5,098 BTC reserve and entry into top 20 BTC treasuries.
Dec 10	Reserve increase	Positive	-5.4%	Reported reserve rising to 4,783 BTC and SPS up 17.3% in a month.
Nov 07	BTC accumulation	Positive	+2.2%	Added ~139 BTC, lifting strategic reserve to 4,004 BTC and SPS to 432.
Sep 25	Auditor change	Neutral	-4.3%	Appointed KPMG as new auditor for FY2025, replacing RBSM LLP.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Crypto-capacity and treasury updates have produced mixed reactions, with both gains and selloffs, and an overall slight negative average move on crypto-tag news.

Recent Company History

Over recent months, ABTC’s crypto-tag news has focused on scaling mining capacity and building its Bitcoin treasury. On Mar 3, 2026, it announced the purchase of 11,298 ASICs, adding ~3.05 EH/s, which saw a modest +0.98% move. Multiple 2025 updates highlighted rising strategic reserves (from 4,004 BTC to 5,098 BTC) and Satoshis Per Share growth, with share-price reactions ranging from +2.2% to -5.37%. Today’s energization effectively completes the March capacity plan, continuing that scaling trajectory.

Key Terms

asic, exahash per second, joules per terahash, hashrate

4 terms

asic technical

"American Bitcoin Completes Energization of ~11,298 Additional ASICs at Drumheller Site"

ASIC is Australia’s corporate, markets and financial services regulator that enforces rules for companies, financial advisers and market operators; think of it as the referee and rulebook keeper for financial activity. It matters to investors because ASIC’s oversight, investigations and enforcement actions affect company credibility, legal risk and market fairness—actions that can change stock prices, investor confidence and the safety of financial products.

exahash per second technical

"contributing an incremental ~3.05 exahash per second ("EH/s") at an efficiency"

Exahash per second (EH/s) is a measure of computing power used in cryptocurrency mining equal to one quintillion (10^18) hashing operations every second; think of it like the number of lottery tickets being checked each second. For investors, a higher exahash rate signals a stronger, more secure network and greater competition among miners, which can influence mining profitability, network transaction costs, and the energy intensity tied to the asset.

joules per terahash technical

"at an efficiency of ~13.5 joules per terahash ("J/TH") to the Company's"

Measure of energy required to perform one terahash (one trillion hash attempts) of cryptographic work, expressed in joules; a lower joules-per-terahash number indicates more energy-efficient mining equipment. Investors monitor it because it directly affects a miner’s electricity costs, profitability and environmental footprint—similar to miles per gallon for cars, better efficiency lowers running costs and can improve competitive and regulatory standing.

hashrate technical

""Scaling hashrate is one of the ways we strengthen our position in Bitcoin."

Hashrate is a measure of how quickly a computer network can process and verify transactions, often expressed as the number of calculations it can perform in a second. Think of it like the engine power of a car; the higher the hashrate, the more work the network can do in a given time. For investors, a higher hashrate generally indicates a more secure and robust network, which can influence confidence and the value of related digital assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Owned fleet now stands at ~89,242 miners at ~28.1 EH/s with an average efficiency of ~16.0 J/TH, reinforcing the Company's position as a disciplined, low-cost Bitcoin accumulator.

MIAMI, April 22, 2026 /PRNewswire/ -- American Bitcoin Corp. (Nasdaq: ABTC) ("American Bitcoin" or the "Company"), a Bitcoin accumulator, today announced the completion of the energization of ~11,298 Bitcoin miners at the Drumheller site. The miners, which were purchased earlier this year, are now fully deployed, contributing an incremental ~3.05 exahash per second ("EH/s") at an efficiency of ~13.5 joules per terahash ("J/TH") to the Company's operational fleet.

Following energization, American Bitcoin's owned fleet now consists of ~89,242 miners deployed at ~28.1 EH/s with an average efficiency of ~16.0 J/TH.¹

"Scaling hashrate is one of the ways we strengthen our position in Bitcoin. Bringing these miners online at Drumheller reflects exactly how we intend to lead: moving quickly, allocating capital with discipline, and growing our Bitcoin exposure efficiently at institutional scale," said Eric Trump, Co-Founder and Chief Strategy Officer at American Bitcoin.

"This deployment reflects our operating model in practice, turning execution and efficiency gains into lower-cost Bitcoin accumulation for shareholders," said Matt Prusak, President of American Bitcoin.

The Drumheller energization represents the operational completion of a fleet expansion first announced on March 3^rd, 2026. By bringing these high-efficiency miners online, the Company continues to execute on its core business model: accumulating Bitcoin at a cost below spot prices through disciplined mining operations, optimized energy costs, and efficient hardware deployment. American Bitcoin remains focused on its objective to continue growing Bitcoin holdings per share.

¹Owned fleet represents the total number of Bitcoin miners and aggregate hashrate owned by the Company, including units that may not currently be operational or energized at an operating site. Operational fleet represents the total number of Bitcoin miners and aggregate hashrate currently operational and energized at the Company's operating sites. Following this energization of the additional miners, the Company's operational fleet consists of ~58,999 miners representing ~25.0 EH/s at an average efficiency of ~14.1 J/TH.

About American Bitcoin Corp.
American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., is a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure platform. The Company delivers institutional-grade exposure to Bitcoin through an industry-first business model that integrates scaled self-mining operations with disciplined accumulation strategies. For more information, visit abtc.com and follow the Company on X at @ABTC.

Supplemental Materials and Upcoming Communications
The Company expects to make available on its website and/or official social media channels certain materials and updates designed to accompany the discussion of its results, along with certain supplemental financial information and other data, including regarding its Bitcoin holdings and related performance metrics. For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company's website, abtc.com/investors, and its social media accounts, including on X, Instagram, and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.

Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, statements relating to the Company's fleet economics, efficiency, hashrate, operational performance, Bitcoin accumulation strategy, as well as the Company's future business strategy, competitive strengths, expansion, and growth of the business and operations more generally.

Forward-looking statements are not statements of historical fact, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by the Company as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the price of Bitcoin and concentration of Bitcoin holdings; failure to grow hashrate; the purchase of miners; competition from other methods of investing in Bitcoin; uncertainty in the development and acceptance of the Bitcoin network; reliance on third-party mining pool service providers; hedging transactions; Bitcoin halving events; failure to realize the anticipated benefits of the merger transactions; dependence on Hut 8; liquidity constraints and failure to raise additional capital; failure of critical systems; competition from current and future competitors; changes in leasing arrangements; hazards and operational risks; electrical power requirements; geopolitical, social, economic, and other events and circumstances; cybersecurity threats and breaches; Internet-related disruptions; dependence on key personnel; having a limited operating history; rapidly changing technology; predicting facility requirements; acquisitions, strategic alliances or joint ventures; operating and expanding internationally; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; stock price volatility; the Company's multi-class capital structure and status as a controlled company; and other factors that may affect the future business, results, financial position and prospects of the Company. Additional factors that could cause results to differ materially from those described above can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and in other documents filed by the Company from time to time with the SEC.

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SOURCE American Bitcoin Corp.

FAQ

How much additional hashrate did ABTC add with the April 22, 2026 Drumheller energization?

ABTC added approximately 3.05 EH/s of incremental hashrate. According to the company, ~11,298 miners came online at Drumheller, contributing ~3.05 EH/s at ~13.5 J/TH efficiency to the operational fleet.

What is American Bitcoin's total owned and operational fleet after the April 22, 2026 update (ABTC)?

Owned fleet totals ~89,242 miners (~28.1 EH/s); operational fleet totals ~58,999 miners (~25.0 EH/s). According to the company, these figures reflect units energized and those that remain owned but not currently operational.

What miner efficiency metrics did ABTC report for the Drumheller deployment on April 22, 2026?

Drumheller units came online at ~13.5 J/TH efficiency; overall owned fleet averages ~16.0 J/TH. According to the company, operational fleet average efficiency is ~14.1 J/TH after the energization.

How does the April 22, 2026 energization affect ABTC's strategy of accumulating Bitcoin per share?

The energization supports ABTC's accumulation strategy by increasing low-cost mining capacity. According to the company, adding high-efficiency miners aims to lower cost-per-Bitcoin and grow Bitcoin holdings per share through disciplined deployment.

Were all owned ABTC miners operational after the April 22, 2026 update?

No — not all owned miners were operational after the update; ~30,243 owned miners remain non-operational. According to the company, owned fleet includes units that may not currently be energized at operating sites.

When was the fleet expansion that included the Drumheller miners first announced by ABTC?

The fleet expansion was first announced on March 3, 2026. According to the company, the April 22, 2026 energization represents the operational completion of that previously disclosed expansion.