American Bitcoin Corp now controls 2-3% of the global Bitcoin network's computing power, the company disclosed this week. Operating at 28 exahashes per second (EH/s), the firm has cemented its place among the largest mining operators — and added fresh evidence that the industry is consolidating into fewer hands.
28 EH/s and a growing share
The 28 EH/s figure puts American Bitcoin's share of the total network at roughly 2-3%. That's a chunk big enough to influence block discovery rates and reward distribution. The company didn't say how quickly it scaled to that level, but the milestone aligns with a broader trend: mining capacity is pooling into a smaller set of players.
Consolidation pressures build
For smaller miners, the math gets harder as big operators expand. Large firms benefit from economies of scale — cheaper hardware, better power deals, easier access to capital. American Bitcoin's climb suggests that dynamic is accelerating. The company's rise hasn't gone unnoticed by competitors, though the firm hasn't detailed any direct reactions from the market.
No specific timeline for further hashrate growth was given. But with the next Bitcoin halving still roughly two years away, miners are in a race to add capacity before the block reward drops. American Bitcoin's position gives it leverage — and puts pressure on everyone else. Whether the firm can hold or grow that 2-3% share will depend on its ability to secure cheap power and next-generation hardware. The company hasn't outlined its next steps publicly.
