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American Bitcoin (ABTC) Expands Mining Fleet With 11,298 New Units

American Bitcoin Corp. (NASDAQ:ABTC) is one of the popular penny stocks on Robinhood to buy. On March 3, American Bitcoin Corp. (NASDAQ:ABTC) announced the purchase of 11,298 new Bitcoin miners. The company expects the miners, also called ASICs, or Application-Specific Integrated Circuits, to add approximately 3.05 Exahash per second (EH/s) of hashing power at an efficiency of around 13.5 Joules per Terahash (J/TH). This will expand the company’s total owned fleet by 12% to 89,242 miners, around 28.1 EH/s of owned capacity.

The company detailed that it will take delivery of the new machines within this month, March 2026. It will deploy the machines, also within this month, at the company’s Drumheller facility in Alberta, Canada. Once online, the active working fleet, which excludes units not yet operational, will reach 58,999 miners delivering roughly 25.0 EH/s at an improved average efficiency of about 14.1 J/TH, the company said in a press release statement. In comparison, the current full-fleet average is approximately 16.0 J/TH, which means the new units are measurably more power-efficient than the existing base.

Eric Trump, the company’s Co-Founder and Chief Strategy Officer, noted that the expansion comes at a moment when many competing mining firms are redirecting capital away from Bitcoin mining. American Bitcoin will not follow this trend, Trump stated. He said: “As Bitcoin matures, the priority is clear: grow American-owned, professionally operated hashrate. That’s how we protect the network, drive innovation, and lead the future of Bitcoin in America.”

American Bitcoin Corp. (NASDAQ:ABTC) is a cryptocurrency mining company that develops and operates facilities for bitcoin production. Its operations focus on industrial-scale mining infrastructure that leverages low-cost energy sources to generate bitcoin efficiently.

While we acknowledge the risk and potential of ABTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ABTC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Robinhood Stocks with High Potential and 15 Best Forever Stocks to Buy Now.

Disclosure: None. Follow Insider Monkey on Google News.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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