American Bitcoin, a company tied to the Trump family, announced the deployment of approximately 11,300 additional bitcoin mining machines at its site in Alberta, Canada. This development led to a 12% increase in the company's share price, reaching $1.38. The newly added miners bring the total number of ASICs to around 89,242, with the new rigs contributing an additional 3.05 exahash per second at an efficiency of 13.5 joules per terahash.
This high efficiency is crucial in reducing electricity costs per coin, enabling the company to maintain profitability despite rising network difficulties. According to the company, expanding its hashrate is a key strategy for strengthening its position in the Bitcoin market. The deployment of these new miners reflects the company's commitment to scaling its operations efficiently.
In a statement, Eric Trump, co-founder and chief strategy officer, emphasized the importance of moving quickly, allocating capital effectively, and growing the company's Bitcoin exposure at an institutional level. The addition of these new units marks the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's decision to focus on bitcoin mining despite other miners shifting their attention to artificial intelligence and data centers.
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.