American Bitcoin orders 11,298 ASIC miners as BTC hashrate rebounds 12%

In Q1, Bitcoin's network fundamentals weakened as hashrate slid to around 825 million TH/s and the Miner Position Index jumped near 3, while nearly half of BTC supply sat at a loss. Against this backdrop, American Bitcoin has acquired 11,298 new ASIC machines and grown its holdings past 6,500 BTC, becoming the 17th largest public BTC holder. The move coincides with a reported 12% rise in Bitcoin hashrate, highlighting strong miner conviction in BTC despite market volatility.