American Bitcoin, a firm associated with the Trump family, revealed on Wednesday that it has deployed approximately 11,300 new bitcoin mining rigs at its facility 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 an incremental 3.05 exahash per second (EH/s) at an efficiency of 13.5 joules per terahash (J/TH).
This high efficiency is crucial in reducing electricity costs and maintaining profitability amidst rising network difficulty. According to the company, expanding its hashrate is a key strategy to strengthen its position in the Bitcoin market.
Eric Trump, co-founder and chief strategy officer, stated that the swift deployment of these miners reflects the company's disciplined approach to growth. The new units represent 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 further raised its treasury to 7,000 by March 30.