American Bitcoin, a firm linked to the Trump family, revealed on Wednesday that it has expanded its mining operations with the addition of almost 11,300 new bitcoin mining rigs at its Drumheller site in Alberta, Canada. This development led to a 12% increase in the company's share price, which rose to $1.38.
The newly deployed miners bring the total number of ASICs at the facility to approximately 89,242, with the new rigs contributing an extra 3.05 exahash per second to the company's operational fleet. The high efficiency of the new miners, at 13.5 joules per terahash, is expected to reduce electricity costs per coin, enabling the company to maintain profitability despite rising network difficulty.
According to the company, scaling hashrate is key to strengthening its position in the Bitcoin market. The expansion reflects the company's strategy of rapid growth, disciplined capital allocation, and efficient scaling of its Bitcoin operations.
The new deployment marks the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's commitment to bitcoin mining. Recently, American Bitcoin increased its BTC holdings to 6,899, becoming the 16th-largest bitcoin holder, and later raised its treasury to 7,000 BTC.