The Moralist

Decency still matters

Private Bitcoin Fleets Hum as Public Grids Struggle #

Thursday, 23 April 2026 · words

Eleven thousand and two hundred ninety-eight computers began humming in the cold air of Alberta, Canada, this week, marking the latest expansion of a Trump-linked energy giant. American Bitcoin, a company co-founded by the President’s sons, completed the energization of these new mining units at its Drumheller site. The fleet now generates a staggering 28.1 exahashes of computing power. While the company celebrated its ability to "mine BTC at a 53% discount" compared to market prices, the sheer scale of the energy consumption raises difficult questions for those who still believe in the stewardship of our common resources.

This growth occurs even as public utility grids across North America face increasing strain. The company acknowledged significant losses in the final quarter of last year, totaling over $227 million, yet it continues to expand its physical footprint in pursuit of digital assets. Across the mining industry, firms like MARA and CleanSpark sold a record 32,000 Bitcoin in the first three months of 2026, seeking to sustain their operations as the market fluctuates. The result is a landscape where massive server farms hum night and day, consuming enough electricity to power entire towns, all to secure a currency that exists only in the digital ether.

There is something unsettling about the sight of these vast, windowless buildings standing on the edge of the wilderness, filled with machines that produce nothing but numbers. At a time when the American household is being told to conserve energy, the technological elite are seceding into their own private power domains. True conservatism teaches that we should use the gifts of the earth to build homes and factories that serve the common good, not to fuel the speculative fever of a digital casino. When our energy policy favors the humming of a chip over the warmth of a hearth, we have lost our way.