American Bitcoin ($ABTC) Activates 11,000 New Bitcoin Miners, Expanding Hashrate Capacity

American Bitcoin Corp. (ABTC) activated 11,298 new ASIC miners at its Drumheller facility, boosting its hashrate to 25.0 EH/s and expanding its operational fleet to nearly 59,000 active machines. The expansion, part of a March 2023 plan, improved energy efficiency and triggered a stock surge as ABTC shares rose sharply amid Bitcoin's price increase.