American Bitcoin Expands Bitcoin Mining Operations by 2.4x from ~10 EH/s to ~24 EH/s

Enhances ability to accumulate Bitcoin at a structural discount to market, reinforcing cost advantage over purchase-only treasury vehicles

MIAMI, Sept. 4, 2025 /PRNewswire/ -- American Bitcoin Corp. (Nasdaq: ABTC) ("American Bitcoin" or the "Company"), a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone, has acquired and energized ~14 exahash-per-second (EH/s) of installed hashrate across ~16,300 ASIC servers. This brings American Bitcoin's total installed hashrate from ~10 EH/s to ~24 EH/s with an average fleet efficiency of ~16.4 joules per terahash (J/TH) as of September 1, 2025.

"We are rapidly executing on a differentiated dual strategy to build Bitcoin-per-share," said Asher Genoot, Executive Chairman of American Bitcoin. "Mining is the foundation of this strategy because it enables us to produce Bitcoin at scale for significantly less than market prices. With this expansion, our installed hashrate has grown by 2.4x since launch to approximately 24 exahash per second, strengthening our ability to accumulate Bitcoin efficiently."

"In Q2 2025, our cost of revenue per Bitcoin mined was approximately 50% of our revenue per Bitcoin mined," Genoot added. "As we continue to scale this low-cost production engine and combine it with disciplined accumulation strategies, we are reinforcing a structural cost advantage over purchase-only Bitcoin treasury vehicles, positioning American Bitcoin to drive superior long-term Bitcoin-per-share growth."

Flagship Mining Technology

Preferential access to next-generation ASIC compute infrastructure is embedded into American Bitcoin's strategy and central to American Bitcoin's ability to maintain a structural cost advantage. By deploying some of the most efficient and highest-performing miners available, the Company aims to maximize Bitcoin produced per unit of power and per dollar of infrastructure investment.

The purchased miners are deployed at the 205-megawatt Vega data center developed and operated by Hut 8 Corp. (Nasdaq, TSX: HUT), an integrated energy infrastructure platform and American Bitcoin's exclusive infrastructure provider. The data center features next-generation ASIC architecture with direct-to-chip liquid-cooled ASIC servers in a rack-based form factor that can support high-density deployments of up to 180 kW per rack.

About American Bitcoin

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 @AmericanBTC.

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 ability to accumulate Bitcoin at a structural discount; its ability to maintain its cost advantage over purchase-only treasury vehicles by mining Bitcoin at a cost significantly less than market prices; its ability to execute on its differentiated strategy to build Bitcoin-per-share, including in the long-term; its ability to continue to scale; and its aim to maximize Bitcoin produced per unit of power and per dollar of infrastructure investment.

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, 2024, the proxy statement/prospectus filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") on July 31, 2025, in the Company's Current Report on Form 8-K filed with the SEC on September 3, 2025 and in other documents filed by the Company from time to time with the SEC.

SOURCE American Bitcoin