American Bitcoin, a firm linked to the Trump family, revealed on Wednesday the deployment of nearly 11,300 new bitcoin mining rigs at its Drumheller site, resulting in a 12% increase in its share price to $1.38. The company has fully integrated these miners into its facility in Alberta, Canada, expanding its fleet of ASICs to approximately 89,242. The new rigs contribute an additional 3.05 exahash per second to the company's operational capacity, with an efficiency rating of 13.5 joules per terahash. This enhanced efficiency is crucial in reducing electricity costs per coin, enabling the company to maintain profitability despite rising network difficulties.
According to the company, scaling hashrate is a key strategy for strengthening its position in the Bitcoin market. Eric Trump, co-founder and chief strategy officer, stated that the swift deployment of these miners at Drumheller reflects the company's commitment to disciplined capital allocation, efficient growth, and leadership in the Bitcoin sector. The new units represent the completion of a fleet expansion announced on March 3, 2026, demonstrating the company's dedication to bitcoin mining operations.
Recently, American Bitcoin increased its BTC holdings to 6,899, becoming the 16th-largest bitcoin holder, and later raised its treasury to 7,000.