American Bitcoin, a firm linked to the Trump family, has announced the deployment of nearly 11,300 new bitcoin mining rigs at its Drumheller site in Alberta, Canada. This move has resulted in a 12% increase in the company's share price, reaching $1.38.
The newly added miners have augmented the company's fleet of ASICs to approximately 89,242, contributing an additional 3.05 exahash per second at an efficiency of 13.5 joules per terahash. This high efficiency is crucial as it reduces 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 Bitcoin. The expansion reflects the company's strategy of rapid growth, disciplined capital allocation, and efficient scaling of Bitcoin exposure. The new miners mark 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.