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American Bitcoin Shares Surge 12% on 11K ASIC Deployment Scaling Hashrate to 28.1 EH/s

American Bitcoin's shares jumped ~12% to $1.39 after deploying 11,298 ASIC miners at Drumheller, expanding owned fleet to 89,242 machines and capacity to 28.1 EH/s. The activation added ~3.05 EH/s to operational hashrate (~25 EH/s across ~59,000 machines), improving efficiency to ~14.1 J/TH and supporting BTC accumulation with a 7,000 BTC treasury worth $550m. Investors cheered the scale-up amid Bitcoin above $79k, boosting miner equities in a bullish crypto market.

Category

Bitcoin

Sentiment

Bullish

Event

Corporate action

Reading time

1 min