American Bitcoin Corp.

The company focuses on Bitcoin accumulation through a multi-pronged strategy involving efficient Bitcoin mining, disciplined Bitcoin reserve expansion, and focused ecosystem engagement. Its strategy has three layers: building an efficient engine to produce Bitcoin below market cost, scaling its Bitcoin reserve by leveraging capital availability, and leading the ecosystem by harnessing operational scale and treasury accumulation. The company aims for a capital-efficient platform for long-term Bitcoin accumulation. Its foundation is built on producing Bitcoin below-market cost through a capital-efficient, infrastructure-light operating model. Instead of owning physical infrastructure, the company prioritizes direct Bitcoin-generating assets by owning Bitcoin miners that operate at facilities managed by Hut 8, a developer and operator of low-cost compute capacity across North America. This approach minimizes fixed infrastructure investments and allows focus on operational flexibility and capital efficiency. As of December 31, 2025, the company owned approximately 78,000 Bitcoin miners with a cumulative hashrate of approximately 25 EH/s and a weighted average fleet efficiency of approximately 16.3 J/TH. Approximately 21.9 EH/s of its total hashrate was operational as of December 31, 2025. In Q1 2026, the company purchased approximately 11,000 Bitcoin miners. The Bitcoin miner fleet primarily comprises Bitmain S21 series and MicroBt M5X and M6X series machines. Bitcoin mining serves as the foundational engine for Bitcoin accumulation.