ABTC don waka 11,298 Bitcoin ASICs, shares don soar because of capacity
American Bitcoin (ABTC) don finish to power up 11,298 new Bitcoin mining ASICs for im Drumheller, Alberta plant. Dem talk say dem dey run 89,242 ASICs now, and the whole fleet get about 28.1 EH/s hashrate with average efficiency of 16 J/TH.
After the update, ABTC shares jump like 11.7% to about $1.38. This move come after one hard quarter: ABTC report Q4 2025 loss of $59.5 million, mostly because of $227.1 million fair-value drop on their Bitcoin holdings during the crypto selloff.
Trading still hard after the Bitcoin halving, with lower block rewards, higher energy costs, and weaker BTC prices. The article also talk say miner selling don rise: public miners sell around 32,000 BTC in Q1 2026, pass the old record of 20,000 BTC in Q2 2022.
For traders, ABTC capacity increase fit support mining-sector sentiment, but short-term market risk still dey dominated by weak BTC price and ongoing BTC sell pressure.
Neutral
Di ABTC update na clear operational positive: to deploy extra 11,298 Bitcoin mining ASICs dey raise the hashrate of the fleet wey dem own and fit attract short-term ‘mining capacity’ optimism. The immediate share reaction (up about 11.7%) show say traders dey willing to price for execution progress.
But both articles stress say this one happen amid macro and sector headwinds. Post-halving economics and weaker BTC prices dey compress margins, and ABTC own Q4 2025 loss come from big fair-value decline on im Bitcoin holdings. Plus, industry-wide miner selling (about 32,000 BTC in Q1 2026) na recurring factor wey fit limit upside for BTC-related equities.
So the net effect on Bitcoin itself mixed: the capacity add dey help miner-specific sentiment, but broad BTC weakness and continued selling still be the dominant forces.