American Bitcoin is a Bitcoin mining company focused on accumulating Bitcoin as a long-term reserve asset. The company owns a fleet of roughly 78,000 miners with a cumulative hashrate of ~25 EH/s, which it uses to mine Bitcoin continuously. Rather than selling mined Bitcoin, American Bitcoin retains it as a treasury reserve. The company operates with an asset-light model: it owns the miners but outsources all hosting, operations, and back-office functions to Hut 8, its majority shareholder, across four sites in New York, Texas, Alberta, and Amarillo. American Bitcoin has only two full-time employees. Mining is conducted through third-party pools (Foundry and Luxor), where American Bitcoin earns a pro rata share of Bitcoin rewards based on its hashrate contribution. The key profit drivers are Bitcoin price, fleet efficiency (currently ~16.3 J/TH), electricity costs (passed through from Hut 8), and global network difficulty. Beyond mining, American Bitcoin aims to grow its Bitcoin holdings by raising capital through public markets and deploying it to buy additional Bitcoin or miners — a model similar in concept to MicroStrategy's treasury strategy, but combined with active mining. As of late March 2026, the company held roughly 6,963 Bitcoin in reserve. American Bitcoin is expanding its fleet toward ~89,000 miners and ~28.1 EH/s following additional miner purchases in Q1 2026.